01.05.2025 07:20
In a statement from the U.S. government, it was announced that a Precious Metals Agreement has been signed with Ukraine. U.S. Treasury Secretary Scott Bessent described the agreement as "historic," stating, "This agreement clearly demonstrates that the Trump administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine in the long term."
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The long-awaited Precious Metals Agreement between the USA and Ukraine has reached its conclusion. In a statement from the U.S. Department of the Treasury, it was reported that the agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, which envisions U.S. access to Ukraine's precious metals, was signed in Washington by U.S. Treasury Secretary Scott Bessent and Ukrainian Minister of Economy and Deputy Prime Minister Yulia Svyrydenko.
"UKRAINE WILL RECOVER ECONOMICALLY"
The statement emphasized that the agreement would benefit both countries, stating, "This economic partnership, established to recognize the significant financial support the American people have provided for Ukraine's defense since Russia's invasion, will enable both countries to work together and invest jointly, accelerating the recovery of Ukraine's economy through our shared assets, capabilities, and capacities."
THANKED TRUMP
U.S. Treasury Secretary Scott Bessent expressed his gratitude to U.S. President Donald Trump for his efforts in signing the agreement, stating, "I am pleased to announce the signing of this historic economic partnership agreement that establishes the U.S.-Ukraine Reconstruction Investment Fund, thanks to President Trump's tireless efforts to achieve a lasting peace." Bessent added, "As the President has said, the U.S. is determined to help end this brutal and senseless war," and noted, "This agreement clearly demonstrates to Russia that the Trump administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine in the long term. President Trump designed this partnership between the American people and the Ukrainian people to show both sides' commitment to lasting peace and prosperity in Ukraine." Bessent stated, "To be clear, no state or individual that finances or supplies Russia's war machine will be allowed to benefit from Ukraine's reconstruction."
"THE SIGNED AGREEMENT IS IN THE INTEREST OF BOTH COUNTRIES"
Ukrainian Minister of Economy and Deputy Prime Minister Yulia Svyrydenko announced that she signed the agreement to establish the U.S.-Ukraine Reconstruction Investment Fund on behalf of the Ukrainian government, stating, "We are establishing a fund with the U.S. that will attract global investments to our country." Svyrydenko noted that the signed agreement is in the interest of both countries, saying, "I am grateful to everyone who worked on the agreement and made it more meaningful. This agreement has the potential to secure the success of Ukraine and the U.S."
WHAT HAPPENED?
The U.S. and Ukraine had signed a memorandum on April 18 as the first step towards developing mineral resources in Ukraine. The memorandum stated that the parties aimed to complete negotiations by April 26 and sign the agreement as soon as possible. Many statements from Ukrainian government sources indicated that the process was nearing completion, and it was reported that Ukrainian Minister of Economy and Deputy Prime Minister Yulia Svyrydenko had come to the U.S. to sign the agreement.
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