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SUNDAY, MAY 25, 2025
Kyiv ready to sign resources deal with US, Ukraine government source says

World+Biz

Reuters
30 April, 2025, 09:05 pm
Last modified: 30 April, 2025, 09:09 pm

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Kyiv ready to sign resources deal with US, Ukraine government source says

Reuters
30 April, 2025, 09:05 pm
Last modified: 30 April, 2025, 09:09 pm
Ukraine's President Volodymyr Zelenskiy and US President Donald Trump appear at a meeting, while they attend the funeral of Pope Francis, at the Vatican April 26, 2025. Ukrainian Presidential Press Service/Handout via REUTERS
Ukraine's President Volodymyr Zelenskiy and US President Donald Trump appear at a meeting, while they attend the funeral of Pope Francis, at the Vatican April 26, 2025. Ukrainian Presidential Press Service/Handout via REUTERS

Ukraine is ready to sign a mineral resources deal with the United States and could do so later on Wednesday, a Ukrainian government source told Reuters.

First Deputy Prime Minister Yulia Svyrydenko was travelling to the United States to sign the agreement, the source said, declining to be named due to the sensitivity of the matter.

"I think maybe late evening Kyiv time, the deal there can be signed," the source said.

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Ukrainian officials hope that signing the deal promoted by US President Donald Trump will help to firm up softening American support for Kyiv in the war triggered by Russia's full-scale invasion more than three years ago.

The two sides signed a memorandum, published on April 18, as an initial step towards clinching an accord on developing mineral resources in Ukraine. In the memorandum, they said they aimed to complete talks by April 26 and sign the deal as soon as possible.

Trump and his administration's officials threatened to walk away from efforts to broker a peace deal earlier this month unless there are clear signs of progress soon.

Ukraine has relied on military aid from the US, ranging from air defence to long-range missiles, to repel Russia's onslaught for more than three years.

In February, Ukrainian President Volodymyr Zelenskiy said that American aid comprised around 30% of the weapons and equipment used to defend the country.

On April 28, Ukrainian Prime Minister Denys Shmyhal said Kyiv had agreed that past US aid provided to Kyiv would not be counted as part of a minerals deal.

During a trip to the United States last week, Shmyhal met US Treasury Secretary Scott Bessent and reported "good progress" on the agreement.

Shmyhal also said that Kyiv had clearly defined the red lines regarding the agreement's compliance with Ukraine's European obligations and Ukrainian legislation.

Top News

Ukraine / mineral deal / US-Ukraine

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