After months of tense negotiations, the US and Ukraine signed a minerals agreement in Washington D.C. on 30 April 2025. While centred on natural resources, it’s much more than a business deal on mining natural resources. The Agreement enshrines US support for peace, resilience, sovereignty and reconstruction in Ukraine. Aiming to yield profitable ventures, the Agreement strengthens the US stake in supporting peace in Ukraine and ensuring its security.
The Agreement also carries geopolitical weight for Ukraine and the US – as well as for the EU – and sends a clear message to Russia. Finally, if successfully implemented, the Agreement could also have implications on China’s long-term global role.
This CEPS Explainer breaks down the Agreement’s core provisions, its implications for all the parties involved and the necessary conditions needed for it to succeed.
