Ukraine says mineral deals with us that progresses 'beautiful'

The Ukraine’s agreement to give US livestock rights on natural resource projects is progressing as both parties launch the activities of a fund that claimed the Trump administration in exchange for further support for the war-ravaged country, Ukraine’s minister said. “The fund is progressing very nicely,” Oleksii Sobolev told Bloomberg TV on Friday while traveling to the US. Washington and Kyiv reached an agreement in May that would give US privileged access to new investment projects to develop the natural resources of Ukraine, including aluminum, graphite, oil and natural gas. President Donald Trump’s administration has set the agreement as a way to secure US interests in the country as it has an agreement to Russia’s invasion of Ukraine. As part of the agreement, both parties agreed to draw up an investment fund, with the US transferring the first claim on the profits in it. Sobolev said a US delegation will visit Ukraine in September to decide which companies will benefit from the first investments of the US-Kukraine Minerals Fund. Ukraine will also set up more licenses for the auction so that the US or other businesses can mine minerals and receive investments from the fund, Sobolev added. This includes an announcement this week to open the bid for the exploitation of a large lithium deposit. “This is one of the areas that we think will be interesting for US businesses for the fund to invest in them,” Sobolev said. Sobolev, as well as Ukrainian Prime Minister Yuliia SvyRydryko, met with Nasdaq managers on Friday to discuss the Ukrainian reconstruction, as well as the first list of a Ukrainian company – Telescoms firm Kyivstar – on the scholarship. President Volodymyr Zelenskiy’s head of staff, Andriy Yermak, and other Ukraine’s Foreign Ministry officials were also in the US to meet with Trump administration officials, includes Steve Witkoff President to discuss the following steps on peace negotiations with Russia. “Probably everyone sees the moment Russia is not ready to negotiate,” Sobolev said. “Ukraine is ready to negotiate and we are ready for peace.” After a summit with Russian President Vladimir Putin did not produce a peace agreement, Trump threatened to increase the pressure on Moscow. This week, the US imposed higher rates on India, an important Kremlin customer, for the purchases of Russian oil. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.