Ukraine and the USA Agree on a Joint Economic Agreement and the Creation of an Investment Fund
The Cabinet of Ministers of Ukraine has published the text of a memorandum signed the day before between Ukraine and the United States of America, which is intended to serve as the foundation for further economic partnership and investment cooperation.
This is reported by AgroReview
Main Provisions of the Memorandum and Prospects for Cooperation
According to the government, the document confirms the intention of both parties to conclude a mutually beneficial agreement on economic partnership, which will involve the creation of a Fund for the Reconstruction of Ukraine. Under the memorandum, the agreement will open up opportunities for significant investments, modernization of infrastructure, and will promote mutually beneficial partnership between Ukraine and the USA.
“Ukraine and the United States of America have signed a memorandum that confirms the constructive joint work on the economic partnership agreement and reaffirms the intention to finalize and conclude an agreement that will benefit both nations. The agreement will involve the establishment of a Fund for the Reconstruction of Ukraine. The memorandum states that the agreement will open up opportunities for significant investments, modernization of infrastructure, and mutually beneficial partnership between Ukraine and the USA. Furthermore, it confirms the American people’s desire to invest together with the Ukrainian people in a free, sovereign, and secure Ukraine.”
Ukraine and the USA have agreed on further steps in the implementation of the agreement. Ukrainian Prime Minister Denys Shmyhal will visit Washington this week to meet with US Treasury Secretary Scott Bessent and support the conclusion of technical discussions regarding the creation of the investment fund.
According to plans, the negotiating groups are to report on progress by April 26, 2025, to finalize discussions and sign the agreement. Minister of Economy Yulia Svyrydenko stated that the signing and ratification of the agreement will be the next steps in the process of implementing joint plans.
The Situation Surrounding Agreements on Mineral Resources and Energy Resources
While Ukraine and the USA prepare a new agreement, US President Donald Trump stated that the agreement on mineral resources is already ready and is expected to be signed next Thursday. According to Trump, Ukrainian President Volodymyr Zelensky is trying to cancel this agreement, which could have serious consequences.
According to information from Bloomberg, Ukraine plans to amend the draft agreement on mineral resources, including increasing the volume of US investments. The United States insists on concluding a new agreement that will cover all of the country’s natural resources, including oil, gas, and key energy assets.
The Financial Times reports that this agreement does not offer Ukraine security guarantees, which is a departure from previous agreements. Ukraine had previously concluded an agreement with the USA regarding the development of important mineral resources, but attempts to sign it faced obstacles due to political disagreements.
Overall, the events surrounding Ukraine’s cooperation with the USA indicate a desire from both sides to strengthen economic ties and activate investment potential in the context of the country’s recovery and energy security.