Full text of Ukraine-US Memorandum released: Details
Photo: First Deputy Prime Minister - Minister of Economy of Ukraine Yuliia Svyrydenko (Vitalii Nosach/RBC-Ukraine)
The Ministry of Economy of Ukraine has published the full text of the Memorandum with the United States regarding the Agreement on Economic Partnership. It will provide for the creation of an investment fund for Ukraine's reconstruction, the Ukrainian government portal reports.
The Memorandum states that the agreement will open up opportunities for investment, infrastructure modernization, and mutually beneficial partnership between Ukraine and the United States.
"It (Memorandum - ed.) reaffirms the commitment of the American people to invest with the Ukrainian people in a free, sovereign, and secure Ukraine," the Ministry of Economy noted.
According to the text of the Memorandum, the United States and Ukraine recognize the contribution Ukraine made to strengthening international peace and security by voluntarily giving up the world's third-largest nuclear weapons arsenal.
The document also provides that the United States respects Ukraine’s obligations related to its accession to the EU or agreements with international financial institutions and other official creditors.
"This means that the work on the Agreement cannot cause conflicts for Ukraine's European integration path," the statement says.
The negotiating teams on the agreement between Ukraine and the United States are expected to report on progress by April 26, 2025.
Full text of Ukraine-US Memorandum
Ukraine-US agreement
In February, US Treasury Secretary Scott Bessent presented a draft mineral resources agreement in Kyiv. The United States hoped that Ukrainian President Volodymyr Zelenskyy would immediately sign the agreement, but this did not happen.
Ukraine insisted that the agreement must include security guarantees from the United States, but Washington opposed this. The parties are refining the terms of the partnership, and on April 17, a memorandum was signed, which precedes the agreement.
Under the agreement, Ukraine and the United States will establish a joint investment fund. Ukraine will be required to contribute 50% of all proceeds received from the future monetization of natural resource assets. The United States, for its part, will also make corresponding contributions.
