US and Ukraine Forge Economic Partnership Focused on Strategic Minerals and Energy

Created: JANUARY 24, 2025

In a recent interview, US Treasury Secretary Scott Bessent discussed the burgeoning economic partnership between the United States and Ukraine, emphasizing the potential for mutual benefits through collaboration on strategic minerals, energy, and state-owned enterprises. This partnership, Bessent explained, is structured to align the financial success of both nations, with US taxpayers benefiting from Ukraine's economic growth.

Bessent highlighted the willingness of American businesses to invest capital in Ukraine, fostering accelerated economic development and generating substantial returns for US taxpayers. He believes this partnership can propel Ukraine onto a “great growth trajectory.”

Scott Bessent, US Treasury Secretary

A recent Russian missile attack on Kyiv prior to Bessent's visit to Ukraine was interpreted as a sign of Russia's disapproval of the deal. Bessent suggested this opposition reinforces the deal's potential value for Ukraine.

This agreement, championed by President Trump, involves US access to Ukrainian natural resources in exchange for billions of dollars in US support for Ukraine's war efforts against Russia.

Bessent clarified that while the agreement doesn't offer a “military guarantee,” it does assure US investment in Ukraine's economic future, describing it as an “economic security guarantee.” He explained that increased US investment in Ukraine strengthens the US interest in Ukraine's economic prosperity, enhancing security for Ukrainians and maximizing returns for US taxpayers.

Ukrainian President Volodymyr Zelenskyy

Despite some recent distance between Ukraine and the US, Bessent anticipates President Zelenskyy will ultimately sign the agreement.

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