Ukraine has agreed to a mineral development deal with the U.S., marking a shift in negotiations that previously included a demand for a $500 billion U.S.-controlled fund. The agreement will see both countries jointly develop Ukrainian minerals, oil, and gas, with Ukraine contributing half of the proceeds from future monetization into a U.S.-Ukraine fund. However, it does not include security guarantees for Ukraine. The deal still requires approval from Ukraine’s parliament, which is expected to debate its terms before ratification. The agreement comes as Ukraine faces a $524 billion reconstruction cost, according to estimates from the World Bank and other organizations. Continue here.
