1h ago
12.25 BST
Full text
of US-Ukraine memorandum of intent for minerals deal
On Thursday
Ukraine and the United States signed a memorandum of intent, confirming their
intent to conclude a deal on jointly developing Ukrainian natural resources.
Here is the
full text posted on Friday on the website of the Ukrainian government, and
provided to us by Reuters:
Memorandium
of intent between the government of the United States of America and the
government of Ukraine to finalise formal agreement on economic partnership and
reconstruction investment fund
Whereas
the United States of America has provided significant financial and material
support Ukraine since Russia’s full-scale invasion of Ukraine in February 2022;
Whereas
the American people desire to invest alongside the Ukrainian people in a free,
sovereign and secure Ukraine;
Whereas
the United States of America and Ukraine desire a lasting peace in Ukraine and
a durable partnership between their two peoples and governments;
Whereas
the United States of America and Ukraine recognise the contribution that
Ukraine has made to strengthen international peace and security by voluntarily
relinquishing the world’s third largest arsenal of nuclear weapons;
Whereas
the United States of America and Ukraine intend to establish a reconstruction
investment fund as part of an economic partnership between the two peoples and
governments;
Whereas
the United States of America and Ukraine have held highly productive technical
discussions in Washington DC. as recently as 11-12 April 2025, in order to
finalize negotiation of an agreement to establish a reconstruction investment
fund;
Whereas
the United States respects Ukraine s intention to avoid conflicts in the
drafting of the agreement with Ukraine’s obligations under European Union
accession or agreements with international financial institutions and other
official creditors;
Whereas,
without prejudice to any remaining political or legal procedures required to
complete the arrangement, Ukrainian prime minister Shmyhal will visit
Washington DC. the week of 21 April 2025, to meet with U.S. Treasury Secretary
Bessent and lend high-level support to the conclusion of technical discussions
on the terms of an agreement establishing a reconstruction investment fund.
Negotiating teams are expected to report on the progress by the 26 April 2025,
with the aim of completing discussions by that date and signing as soon as
possible; and
Now,
therefore, as evidenced by the signatures set forth below, the government of
the United States and the government of Ukraine enter into this memorandum of
Intent to work expeditiously towards the completion of the necessary documents
in order to finalize the agreement forging an economic partnership between the
American and Ukrainian peoples and establishing a reconstruction investment
fund.
This
memorandum of Intent may be signed in two or more counterparts, each of which
shall be deemed an original, and all of which shall be deemed one instrument.
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