The Ministry of Economy explained the essence of the agreement with the US on minerals

Deputy Minister of Economy Taras Kachka explained that the so-called mineral agreement between Ukraine and the United States does not currently involve any specific financial obligations or debts. Instead, it is about creating a special mechanism to attract American investment into the Ukrainian economy — particularly in the extractive sector — and to ensure mutual benefit for both countries.

Kachka emphasized that the core idea is to make the cooperation mutually advantageous: the U.S. would earn returns from investments in Ukrainian resources, while Ukraine would benefit from the development of its mining industry, job creation, and economic growth. He stressed that this is not an attempt to “repay” for previously provided aid, but rather a sign of trust in Ukraine’s potential.

“This is a belief in our future,” he stated. If this partnership generates profits for American companies and the U.S. government, it will also bring benefits to the Ukrainian people.

According to Kachka, the agreement is still in the development stage. A preliminary outcome is expected to be presented this week in the form of a joint statement or a memorandum of understanding. This would mark the first official step toward a comprehensive deal.

It should be noted that many economists and military experts oppose the agreement, calling it “exploitative.” They see the actions of Trump and his administration as serving only their own interests and looting Ukrainian land.