NEWSFLASH: Ukrainian gov approves minerals deal

The Ukrainian government ratified the minerals deals after months of Ukraine-U.S. negotiations. Now the Ukrainian side has given the green light to create a joint fund.

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Ukraine and the United States played a long game of cat and mouse, each trying to secure more favorable terms in the minerals deal.

Months of delays, disagreements, manipulations, and even a temporary suspension of aid led to a ratification of the deal by the Ukrainian legislature today.

338 out of 347 Ukrainian MPs voted in favor.

Now, only its implementation remains.

“This quick turn of events [ratification] means that we are, roughly speaking, serious and responsible. Ukraine does not renounce its commitments and demonstrates confidence and consistency in its actions,” Ivan Valiushko, an expert at the National Institute for Strategic Studies, explained in an interview to The Counteroffensive.

Despite lengthy negotiations and some public disagreements, Ukraine and the United States finally signed an agreement establishing a United States-Ukraine reconstruction investment fund on April 30.

Yulia Svyrydenko, First Vice Prime Minister of Ukraine and Minister of Economic Development and Trade, and U.S. Secretary of the Treasury Scott Bessant signed an agreement to establish the U.S.-Ukraine Recovery Investment Fund. Photo: Facebook/Юлія Свириденко

After paywall:

• The next steps after the ratification of the mineral agreement;

• Key terms of the Ukraine-U.S. agreement: tensions between Trump and Zelenskyy;

• The role of rare metals in Ukraine's economic future;

• The original failure to sign the agreement in Washington;

• The significance of the agreement for Ukraine's investment and sovereignty.