Listen to this article

Ukrainian Parliament Ratifies U.S. Minerals Pact 338–0, Establishing Joint Reconstruction and Investment Fund

25 posts • OpenAI (o3)

Updated May 8, 2025, 12:28 PM

Ukraine’s Verkhovna Rada on 8 May ratified the minerals agreement it signed with the United States last week, approving the measure with 338 votes in favor and none opposed. The decision follows a recommendation from the parliament’s foreign affairs committee two days earlier and completes Kyiv’s legislative procedures for the pact. The agreement grants U.S. entities access to develop and process Ukraine’s reserves of rare earths and other critical minerals, while creating a joint investment fund intended to finance both extraction projects and broader post-war reconstruction. Supporters of the deal say it will bolster U.S. supply-chain security by reducing reliance on Chinese sources and channel fresh capital and technology into Ukraine’s economy as it rebuilds from Russia’s invasion. The pact was signed by U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky in early May. With parliamentary ratification secured, the two governments are expected to finalize implementing regulations and begin outlining priority projects for the new fund in the coming weeks.

More breaking stories on DeepNewz — updated live.