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Published: 2025-04-18 09:24:15 | Views: 6


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Guardian obtains memorandum of intent to be signed by Ukraine and US

Luke Harding
Luke Harding

The Guardian’s Luke Harding in Kyiv has obtained the memorandum of intent to be signed next week by Ukraine and the US over a minerals deal. It envisages setting up a joint investment fund between the two countries. The draft recognises the “significant financial and material support” Washington has given Kyiv since Russia’s full-scale 2022 invasion.

It does not clarify whether profits from future investments will be used to “pay back” the US for previous military aid made under the Biden administration. Donald Trump says Ukraine “owes” the US at least $300bn. Volodymyr Zelenskyy says weapons deliveries were a Congress-approved grant, not a loan, and therefore do not need to be paid back. He adds that Ukraine is willing to pay for future military aid from the Trump administration.

The memorandum of intent to be signed next week by Ukraine and the US over a minerals deal. Photograph: to Luke Harding
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