Published: 09:56, February 27, 2025
Ukraine adopts measures for signing minerals partnership deal with US
By Xinhua
A view of an ilmenite open pit mine in a canyon in the central region of Kirovohrad, Ukraine, on Feb 12, 2025. (PHOTO / AP)

KYIV - Ukrainian Prime Minister Denys Shmyhal announced Wednesday that his government adopted a set of measures needed for signing the minerals partnership agreement with the United States, the Interfax-Ukraine news agency reported.

"Today the government is making decisions necessary for signing an agreement between Ukraine and the United States," Shmyhal said.

Under the agreement, Ukraine and the US are set to establish a joint investment fund which will be co-owned and co-managed by both governments, Shmyhal said.

He emphasized that Ukrainian mineral resources will remain the property of Ukraine and will not be transferred to the US ownership.

According to the deal, Ukraine will contribute 50 percent of its future revenues from its natural resources to the fund, while the United States will provide funds to support Ukraine's recovery.

ALSO READ: US intensifies pressure on Ukraine to sign minerals deal

Ukrainian President Volodymyr Zelensky speaks to journalists during press conference in Kyiv, Ukraine, Feb 26, 2025. (PHOTO / AP)

Also on Wednesday, Ukrainian President Volodymyr Zelensky said that US and Ukrainian teams are preparing for negotiations on Friday.

In his evening address, Zelensky said he will meet US President Donald Trump.

The minerals partnership agreement, support for Ukraine and security guarantees will be on the agenda of the potential meeting, Zelensky said.

READ MORE: Trump says 'okay' with Zelensky's visit to US to sign mineral deal

"It is important to me and to all of us around the world that the US' aid is not stopped. Strength is essential on the path to peace," he said.