US, Ukraine sign joint minerals deal

The Trump administration signed a deal with Ukraine giving the US access to its mineral wealth

Presidents Donald Trump and Volodymyr Zelenskyy huddle at the Vatican during Pope Francis' funeral
Presidents Donald Trump and Volodymyr Zelenskyy huddle at the Vatican during Pope Francis' funeral
(Image credit: Office of the President of Ukraine via Getty Images)

What happened

Treasury Secretary Scott Bessent and Ukrainian Deputy Prime Minister Yulia Svyrydenko Wednesday signed a deal to share Ukraine's mineral wealth through a new joint partnership, the United States-Ukraine Reconstruction Investment Fund. The agreement "signals clearly to Russia that the Trump administration is committed to a peace process centered on a free, sovereign and prosperous Ukraine over the long term," Bessent said in a statement.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.