Sign In
  • Africa
  • African
  • Trump
  • South
  • Guardian
  • Mail
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Ukraine And U.S. Finally Sign Minerals Deal. Here’s What It Means.
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > World > Ukraine And U.S. Finally Sign Minerals Deal. Here’s What It Means.
World

Ukraine And U.S. Finally Sign Minerals Deal. Here’s What It Means.

ANH Team
Last updated: May 2, 2025 2:44 am
ANH Team
Share
Ukraine And U.S. Finally Sign Minerals Deal. Here's What It Means.
SHARE

The United States and Ukraine have finally signed a deal that is set to give Washington access to Ukraine’s critical minerals and other natural resources, in a move aimed at bolstering Kyiv’s defense against Russia. The agreement, which still needs to be ratified by the Ukrainian parliament, is seen as a significant step forward in securing long-term support for Ukraine’s military efforts.

According to Ukrainian officials, the current version of the deal is much more favorable to Ukraine than previous iterations, which they felt gave too much power to Washington and reduced Kyiv to a junior partner. The agreement includes provisions for a reconstruction fund that Ukraine hopes will pave the way for continued American military assistance.

Economy Minister Yulia Svyrydenko, who signed the deal for Ukraine, emphasized the mutually beneficial nature of the agreement, highlighting the United States’ commitment to promoting peace in Ukraine and acknowledging Ukraine’s contribution to global security by relinquishing its nuclear arsenal.

The deal covers a wide range of minerals, including rare earth elements, as well as oil and natural gas. It does not include resources that already generate revenue for Ukraine, and any profits from new investments will be shared between the two countries. Importantly, Ukraine will retain full ownership of its resources and have control over extraction processes.

Rare earth elements, which are essential for various consumer technologies, are a key focus of the agreement. China currently dominates the market for rare earth elements, making efforts to reduce dependence on Beijing a priority for the US and Europe.

The deal establishes a reconstruction investment fund that will be jointly managed by the US and Ukraine. The fund is expected to attract investment and technology from American and European countries, with profits from government-owned natural resources contributing to its growth.

See also  China School Teacher Slaps Student Nine Times For Calling Him By Name, Suspended

Despite challenges in Ukraine’s minerals industry, including regulatory hurdles and lack of data, the country boasts substantial reserves of valuable resources like titanium and lithium. The industry plays a significant role in Ukraine’s economy, accounting for a sizable portion of GDP and exports.

Overall, the agreement signals a commitment from both the US and Ukraine to strengthen their partnership and enhance Ukraine’s defense capabilities. By leveraging its natural resources and strategic position, Ukraine aims to secure long-term support from its allies and deter further aggression from Russia.

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:dealFinallyHeresMeansMineralsSignU.SUkraine
Share This Article
Twitter Email Copy Link Print
Previous Article Apple says most US-bound iPhones no longer made in China Apple says most US-bound iPhones no longer made in China
Next Article How to Analyze Renewable Energy Policies in Africa
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Dear Bar Council of England and Wales, and the Commonwealth Lawyers Association

Response to Joint Statement on Suspension of Chief Justice of Ghana Dear Madam and Sir, We have taken note of…

August 21, 2025 3 Min Read
Police Thwart Pre-Dawn Bank Heist in Winneba

Police Thwart Armed Robbery Attempt at MRB Rural Bank in Winneba Law…

1 Min Read
Ghana Mother Charged for Burning Son With Iron Over Lost Pen

A Ho Circuit Court has remanded 25-year-old cook Jemima Kwaku after she…

2 Min Read

Lifestyle

Against All Odds: Monica Kafui’s Triumphant Journey to Becoming a Registered Nurse

  Against All Odds: Monica Kafui’s Triumphant Journey to Becoming a Registered Nurse

Accra, Ghana — In a story that echoes resilience, sacrifice,…

September 11, 2025

My stepmother wants to hand over my dad’s company to my stepsister

File photo of a worried woman…

September 8, 2025

Health benefits of pawpaw

Pawpaw boosts digestion, immunity and heart…

September 8, 2025

Don’t worry about ‘push gifts’ — Dr Boakye

A new article on the topic…

September 8, 2025

My wife wets our bed all the time and it’s getting out of hand

File photo of a worried man…

September 8, 2025

You Might Also Like

South Sudan president fires military chief after three months, reinstates predecessor
World

South Sudan president fires military chief after three months, reinstates predecessor

0 Min Read
John Oliver’s Unfiltered Reaction To Old Interview With Stephen Miller Says It All
World

John Oliver’s Unfiltered Reaction To Old Interview With Stephen Miller Says It All

John Oliver Exposes Trump's "War on Education" on Last Week Tonight The Right's Attack on Universities During Sunday's episode of…

2 Min Read
US fast food chain Wendy's set to make Australian debut
World

US fast food chain Wendy’s set to make Australian debut

Wendy’s Announces Flagship Store Opening in Brisbane American fast-food chain Wendy’s is making waves in Australia with the announcement of…

2 Min Read
This Is The Hyperbolic Line Trump Can’t Stop Using. And Here's What It Really Means.
World

This Is The Hyperbolic Line Trump Can’t Stop Using. And Here’s What It Really Means.

Trump's Exaggerated Claims: A Look at the President's Hyperbole President Donald Trump is known for his grandiose statements and exaggerated…

2 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?