Ukrainian Prime Minister Yuliia Svyrydenko has announced the preparation of three joint projects between Ukraine and the United States in the field of mineral extraction. Their implementation is planned to begin within the next 18 months under a bilateral agreement on subsoil resources.

Source: Svyrydenko on Facebook following talks with US Secretary of the Treasury Scott Bessent

Details: Svyrydenko said the two sides had discussed the creation of a US-Ukrainian Reconstruction Investment Fund, with the first meeting of its board of directors scheduled for September.

Quote:"We are working on expanding its mandate so that the fund can also invest in the defence sector. The aim is to launch the first three projects within 18 months."

Details: Particular attention during the talks was paid to defence cooperation. This included a potential agreement on the production and export of Ukrainian drones, initiated by President Volodymyr Zelenskyy, and the possible procurement of US weapons.

"We also raised the issue of increasing sanctions pressure and cooperation with international financial institutions," Svyrydenko added.

Background: 

• On 1 May, Ukraine's Economy Minister Yuliia Svyrydenko and US Treasury Secretary Scott Bessent signed the minerals deal.
• On 2 May, the Ukrainian government submitted the Kyiv-Washington agreement on the establishment of the Reconstruction Investment Fund to the Verkhovna Rada (Ukrainian Parliament) for ratification.
• On 6 May, the Foreign Policy Committee supported the ratification of the Ukraine-US minerals deal as a basis and as a whole.
• On 8 May, the Verkhovna Rada was to vote on the ratification of the mineral deal with the US.
• On 8 May, the Verkhovna Rada ratified minerals deal.

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