Washington, May 1 (IANS) The US and Ukraine on Wednesday announced a deal that will give America access to Ukrainian rare earth reserves and demonstrate the Trump administration’s commitment to the “peace process centered on a free, sovereign, and prosperous Ukraine over the long term”.
The deal came after weeks of negotiations and last-minute niggles.
“As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Scott Bessent, the US Treasury Secretary, said in a statement announcing the agreement that sets up the US-Ukraine Reconstruction Investment Fund.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine. And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
The US announcement said that in recognition of the significant financial and material support provided by the US to Ukraine since “Russia’s full-scale invasion this economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talents, and capabilities can accelerate Ukraine’s economic recovery”.
US President Donald Trump has put the value of American support to Ukraine since the invasion at $300 billion and argued that the US got nothing back in return, unlike Europe, whose help was tied to conditions.
So, Trump had argued that the US wants access to Ukraine’s rare earth reserves in return and he has said that US presence in Ukraine in execution of this deal will bring Ukraine long-term security guarantees from future Russian invasion that President Volodymyr Zelensky has sought as part of a permanent ceasefire that the US is trying to broker.
The US has said it will decide soon whether or not to stay invested in the peace process because of frustrating push back from both Ukraine and Russia.
–IANS
yrj/khz
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
