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The United States and Ukraine signed a strategic agreement Wednesday granting the U.S. prioritized access to Ukraine鈥檚 natural resources, including aluminum, graphite, oil and natural gas. According to several media reports, the move aims to strengthen President Donald Trump鈥檚 support for Kyiv as his administration intensifies efforts to broker a ceasefire in the war between Ukraine and Russia.

U.S. Treasury Secretary Scott Bessent said in a statement that the deal is a 鈥渃lear signal to Russia鈥� that the Trump administration is committed to a 鈥渇ree, sovereign and prosperous Ukraine.鈥� Ukrainian Economy Minister Yulia Svyrydenko described the agreement on social media as the foundation for a new investment fund to attract global capital into Ukraine.

Negotiations had been underway for weeks, with Ukrainian delegates visiting Washington to finalize terms. While the two governments had agreed on the broader framework early in the week, discussions continued over technical specifics. According to media reports, Ukraine had hoped to finalize the main deal while resolving details later, but U.S. officials insisted all components be completed simultaneously.

鈥淲e made a deal where our money is secure, where we can start digging and doing what we have to do,鈥� Trump said during a Cabinet meeting Wednesday. 鈥淚t鈥檚 also good for them because you鈥檒l have an American presence at the site, and the American presence will keep a lot of bad actors out.鈥�

The agreement also includes the establishment of a U.S.-controlled reconstruction investment fund, which will receive the first claim on profits generated from resource projects. While this fund is designed in part to offset future U.S. military aid, Ukrainian Prime Minister Denys Shmyhal confirmed that Washington abandoned demands for repayment of past assistance.

鈥淚n recognition of the significant financial and material support that the people of the United States have provided since Russia鈥檚 full-scale invasion, this economic partnership positions our countries to accelerate Ukraine鈥檚 recovery,鈥� the U.S. Treasury Department said.

The deal comes as Trump reaches the 100-day mark of his current term, facing mounting political pressure and declining approval ratings. He has expressed frustration with the lack of progress in ending conflicts in Ukraine and Gaza, and has warned of walking away from ceasefire negotiations if results don鈥檛 materialize.

A previous attempt at the deal failed earlier this year after tensions surfaced between Ukrainian President Volodymyr Zelenskiy and Trump. After signing a memorandum of intent in April, the two presidents met privately at the Vatican on Saturday, just ahead of Pope Francis鈥� funeral. The agreement also commits both nations to fostering investment in mining, energy and technology, while respecting Ukraine鈥檚 aspirations to join the European Union.