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Ukraine and US to Launch Three Major Mineral Extraction Projects Under New Investment Deal
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![Photo of Dariia Mykhailenko]( "Photo of Dariia Mykhailenko")
Ukraine and the United States are planning to implement three investment projects related to the extraction of mineral resources. The projects are set to be launched within the next 18 months as part of a bilateral agreement on subsoil use.
This was announced by Ukrainian Prime Minister Yuliia Svyrydenko via Facebook on August 5 following a meeting with US Secretary of the Treasury Scott Bessent.
According to Svyrydenko, the two sides also discussed the creation of the US-Ukraine Reconstruction Investment Fund. The first meeting of the fund’s board of directors is scheduled for September.
“We are working to expand its mandate so that the fund can also invest in the defense sector. The first meeting of the board of directors is scheduled for September. The goal is to launch the first three projects within 18 months,” Svyrydenko wrote.
The meeting also addressed the deepening of cooperation in the defense and investment sectors. In particular, the discussion touched on a potential defense agreement previously announced by President Volodymyr Zelenskyy. The agreement envisions the production and export of Ukrainian drones, as well as the possible purchase of US-made weapons.
A separate part of the talks focused on strengthening sanctions pressure on Russia and engaging with international financial institutions.
According to Svyrydenko, the parties agreed to continue the dialogue at the working level.
Earlier, the Ukrainian government approved preliminary measures to open the Dobra lithium deposit—one of the country’s largest—to private investment. If the project moves forward, it will become the first to be developed under the broader US-Ukraine minerals deal signed over a month ago.
