Ukrainian Economy Minister Yulia Svyrydenko announced on Wednesday that negotiations with the United States on a strategic minerals agreement and the establishment of a joint investment fund have made "significant progress." According to Svyrydenko, a memorandum of intent to formalize the deal is expected to be signed in the near future.

“The teams will continue working on specific points in the agreement. A lot has already been worked out, and the overall quality of the agreement is expected to be high,” she stated.

The proposed deal aims to secure critical mineral supplies while facilitating investment in Ukraine's postwar recovery. The initiative is part of broader international efforts to rebuild Ukraine’s economy and infrastructure following extensive wartime damage.

Once finalized, the agreement will need to be approved by Ukraine’s parliament, the Verkhovna Rada. The approval process is expected to move forward once the memorandum is signed and finalized clauses are presented.

Officials view the agreement as a cornerstone for future cooperation between the two nations, signaling both economic partnership and long-term strategic alignment.

The progress reflects shared interests in rebuilding Ukraine and ensuring access to valuable mineral resources, crucial for industries such as technology and defense. The investment fund component is also expected to attract additional international support and private sector involvement.

Svyrydenko concluded that while final technical aspects are being negotiated, the foundation for a strong, cooperative framework is already in place.