By Jane Lytvynenko
KYIV, Ukraine -- Ukraine and the U.S. are expected to sign a deal for rights to Ukrainian mineral wealth in the next 24 hours, according to Kyiv officials, after finishing touches are put to a document that has been at the heart of disagreements between the two countries' presidents.
Ukraine's Deputy Prime Minister Yulia Svyrydenko is en route to Washington, D.C., to complete the deal in person, Ukrainian Prime Minister Denys Shmyhal said in a televised interview.
Central to the deal is an investment fund that both Ukraine and the U.S. will contribute to equally.
President Trump had portrayed the minerals deal as a way for the U.S. to recoup tens of billions of dollars in military aid to Ukraine but, in what appears to be a major concession to Ukraine, the latest draft doesn't require Kyiv to repay past military aid. The U.S. will, however, be able to count new military aid as a contribution to the fund.
The two teams were still working to iron out final technical details in the translation of the document, Shmyhal said.
More to come as news develops.
(END) Dow Jones Newswires
April 30, 2025 11:07 ET (15:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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