Security experts highlight pros, cons of Ukraine-US minerals deal
Ukraine and the United States are set to sign a landmark minerals agreement, marking a significant step toward strengthening economic ties between the two nations. However, security experts tell VOA that concerns persist about the broader implications of the deal. Ukraine’s Cabinet of Ministers approved the agreement Wednesday and U.S. President Donald Trump confirmed that Ukrainian leader Volodymyr Zelenskyy will visit the White House on Friday to sign it. The deal includes provisions for the co-ownership and management of a post-war reconstruction fund for Ukraine, to which Ukraine will allocate 50% of future revenues from the country’s natural resources. The agreement states that the U.S. will maintain a “long-term financial commitment to the development of a stable and economically prosperous Ukraine.” The deal makes no direct reference to efforts to end Russia’s invasion of Ukraine, though, or about future security arrangements for the Eastern European country, apart from a single line: “The Government of the United States of America supports Ukraine’s efforts to obtain security guarantees needed to establish lasting peace.” While the deal aims to unlock Ukraine’s mineral wealth and bolster its economic recovery, security experts warn it may fall short in addressing Ukraine’s ongoing security challenges amid continued Russian aggression. American business perspective Andy Hunder, president of the American Chamber of Commerce in Ukraine, explained to VOA by telephone that the deal aims to establish a new American-Ukrainian fund, focusing on state-owned enterprises and Ukraine’s rich subsoil resources, including gas, oil, and critical minerals. A representative of American business in Ukraine, Hunder expressed optimism about the agreement’s potential impact: “We’re excited. Professional fund managers can turn these enterprises profitable very quickly. This is a win-win for both Ukrainian and American taxpayers,” he told VOA on Wednesday. Hunder said the fund could unlock profits rapidly by introducing professional management to Ukraine’s state-owned enterprises, which currently face mismanagement issues. “Ukraine has the second highest number of state-owned enterprises in the world, many of which are being managed, or some are being mismanaged, by the Ukrainian state. So, I think we get new professional fund managers into these entities, and this is where you could seal profits and turn them around very, very quickly,” he said. Hunder revealed that discussions about Ukrainian economic potential were high on the agenda between the two countries in 2024, “[s]tarting when Senator Lindsey Graham came in March and May of 2024, and we have looked … “Security experts highlight pros, cons of Ukraine-US minerals deal” →