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U.S. Ukraine Finalize Long-Anticipated Resource Agreement

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U.S. Ukraine Finalize Long-Anticipated Resource Agreement

The U.S. has signed a deal with Ukraine on the joint exploitation of its energy and mineral resources, after months of tense negotiations.

The two countries have agreed to establish a reconstruction investment fund to spur Ukraine’s economic recovery from its war with Russia.

Ukraine’s First Deputy Prime Minister, Yulia Svyrydenko, in the US signed the deal, which is central to Kyiv’s efforts to mend ties with Donald Trump and the White House as the U.S. president tries to secure a peace settlement in Russia’s war in Ukraine.

Ukraine is believed to have vast reserves of critical minerals like graphite, titanium and lithium. They are highly sought after because of their use in renewable energy, military applications and industrial infrastructure.

Russia has not yet responded to the agreement.

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