Ukraine is on the verge of finalizing a pivotal minerals agreement with the United States, signaling a major step in economic and strategic cooperation amid ongoing peace discussions with Russia. According to senior Ukrainian officials, the deal is expected to be signed in Washington, D.C. on Wednesday, with Economy Minister Yulia Svyrydenko overseeing the final arrangements.
The agreement, central to Ukraine’s long-term economic security, focuses on joint access and development of rare earth elements—resources vital to modern technologies. U.S. President Donald Trump has previously stated that access to Ukraine’s critical minerals is a condition for continued American support in the war effort, now in its fourth year.
The pact includes a primary agreement and at least two technical protocols detailing the management of a joint mineral development fund. Ukrainian negotiators recently revised the draft to ensure a more balanced framework after concerns that the initial U.S. version favored American interests. Sources close to the talks say the latest draft offers concrete commitments and operational clarity.
Ukraine’s cabinet is set to approve the final text before formal signing. Ratification by the Ukrainian parliament will be required for the agreement to take effect.
This development comes as diplomatic momentum builds around a possible ceasefire. Russian President Vladimir Putin has expressed conditional support for halting hostilities, while U.S. officials continue to press for rapid progress toward a comprehensive peace deal. Kremlin spokesperson Dmitry Peskov emphasized the complexity of the situation, cautioning that unresolved issues remain.
As high-level diplomacy unfolds, the U.S. and Ukraine are moving to lock in long-term strategic ties through this critical minerals accord—an agreement with lasting geopolitical and economic implications.