Washington DC, April 30, 2025
The United States and Ukraine announced the launch of a joint reconstruction and investment fund on Wednesday, marking a new phase in their economic partnership. The deal grants the U.S. access to proceeds from Ukraine’s substantial reserves of rare earth minerals, formalizing a broader economic cooperation framework.
According to The New York Times, the agreement caps months of tense negotiations over continued U.S. economic and military aid to Ukraine, as Washington navigates growing domestic skepticism about long-term support. While not a formal defense pact, the deal aims to provide Ukraine with an implicit security guarantee by anchoring American investment in its post-war recovery.
“This agreement sends a clear message to Russia that the Trump administration is committed to a peace process built on a free, sovereign, and prosperous Ukraine,” U.S. Treasury Secretary Scott Bessent said in a statement. “President Trump envisioned this partnership as a long-term commitment between the American and Ukrainian peoples, ensuring shared peace and prosperity.”
Bessent also emphasized that “no state or individual who financed or supplied the Russian war machine will be permitted to benefit from Ukraine’s reconstruction.”
The economic pact comes at a critical juncture, as Ukraine seeks to rebuild from years of war while securing long-term international backing for its sovereignty and economic resilience.
Source – U.S. media reports
U.S. Treasury Announces Agreement to Establish United States-Ukraine Reconstruction Investment Fund
Washington, April 30, 2025
On April 30, the United States and Ukraine signed an agreement to establish the United States-Ukraine Reconstruction Investment Fund. In recognition of the significant financial and material support that the people of the United States have provided to the defense of Ukraine since Russia’s full-scale invasion, this economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talents, and capabilities can accelerate Ukraine’s economic recovery.
Under the leadership of President Donald J. Trump, the Treasury Department and the U.S. International Development Finance Corporation (DFC) will work together with the Government of Ukraine to finalize program governance and advance this important partnership.
“Thanks to President Trump’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund,” said U.S. Secretary of the Treasury Scott Bessent.
“As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war. This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine. And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
Both the United States and the Government of Ukraine look forward to quickly operationalizing this historic economic partnership for both the Ukrainian and American people.
Source: U.S. Treasury