According to Al Jazeera, Kiev’s first deputy prime minister and economy minister said Ukraine and the US had signed the memorandum as the first step towards signing an agreement on the development of domestic minerals.
“We are pleased to announce our signing of the Memorandum of Understanding with our American partners, paving the way for the economic partnership agreement and the establishment of an investment fund to rebuild Ukraine,” wrote on social media platform X.
Kiev and Washington discussed signing a contract in February regarding the extraction of Ukrainian strategic minerals, but the clash between President Donald Trump and Ukrainian President Voldymir Zelenki temporarily derailed the contract work.
Trump says he wants a deal designed to provide U.S. royalty payments for Ukrainian resources and profits from rare minerals as compensation for the aid given to Ukraine by his predecessor, Joe Biden.
Svyrydenko did not release details of the memorandum, but said work will continue to work to secure a final agreement.
MNA