On the 12th local time, the Ukrainian President's website announced that President Zelenskyy had signed a law approving the "Agreement on the Establishment of the US-Ukraine Reconstruction Investment Fund."
On April 30th, the US and Ukraine jointly signed the "Agreement on the Establishment of the US-Ukraine Reconstruction Investment Fund," which was previously referred to as the "US-Ukraine minerals agreement" by various sectors. On May 8th, the Verkhovna Rada (Parliament) of Ukraine approved the agreement with 338 votes in favor.
Although the signing of the minerals agreement between the US and Ukraine is seen by outsiders as a signal of easing relations, its actual effectiveness remains to be observed.
Some minerals consulting agencies have analyzed that developing key strategic minerals in countries with mature mining industries may take 10 to 20 years. Currently, there is insufficient data to prove the economic feasibility of developing most mineral resources in Ukraine. Additionally, due to damage to infrastructure such as electricity and transportation caused by the Russia-Ukraine conflict, as well as uncertain security prospects, investors may adopt a cautious attitude.