On April 30, the U.S. and Ukraine solidified an economic partnership allowing U.S. access to Ukrainian minerals in exchange for support in the form of an investment fund. Despite previous setbacks in negotiations traced to a controversial meeting between President Trump and President Zelensky, the agreement was ultimately signed by top officials. The deal is expected to aid Ukraine's economic recovery and establish national control over local resources. Trump emphasized the need for a firm partnership to counteract Russian strength in the region, reflecting ongoing tensions amid military conflict.
I am glad to announce the signing of today's historic economic partnership agreement. The United States-Ukraine Reconstruction Investment Fund will help accelerate Ukraine's economic recovery, and economic security is national security.
Full ownership and control remain with Ukraine. All resources on our territory and in territorial waters belong to Ukraine. It is the Ukrainian state that determines where and what to extract.
I told him [Zelensky] it's a very good thing if we can produce a deal and you sign it, because Russia is much stronger.
The U.S. has spent $350 billion dollars on Ukraine since the start of Russia's invasion in 2022, but some argue the figure is closer to $120 billion.
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