On May 13, local time May 12, the Ukrainian President's website released a message stating that President Zelensky signed a law approving the "Agreement on the Establishment of the US-Ukraine Reconstruction Investment Fund".
On April 30, the United States and Ukraine jointly signed the "Agreement on the Establishment of the US-Ukraine Reconstruction Investment Fund", previously referred to as the "US-Ukraine Mineral Agreement". On May 8, the Ukrainian Verkhovna Rada (Parliament) supported the approval of the agreement with 338 votes in favor. Although the US-Ukraine mineral agreement is seen by the outside world as a signal of easing relations, its actual effect remains to be seen.
Some mineral consulting agencies analyze that developing key strategic minerals in countries with mature mining industries may take 10 to 20 years, and currently, there is a lack of sufficient data to prove the economic feasibility of developing most of Ukraine's mineral resources. Additionally, with infrastructure such as electricity and transportation damaged by the Russia-Ukraine conflict and uncertain security prospects, investors may adopt a cautious attitude. (Jin Shi)
