Ukrainian Member of Parliament Oleksandr Vasiuk published his own perspective on the mineral agreement signed between Ukraine and the United States in a column for the Kyiv Post. The link to the article is here. Below is the article:
The signing of the U.S.-Ukraine Recovery Investment Fund Agreement on April 30 serves as a vivid confirmation that America—under the leadership of President Donald Trump—remains not just an ally, but a co-creator of Ukraine’s economic future. This initiative marks a conscious step toward building an equal partnership. It signals a shift in the approach to post-war reconstruction—from a model of aid or charity to a model of joint investment in the future.
Equal Terms and Sovereignty
As head of the inter-factional association “Strategic Partnership Ukraine–USA,” I had the opportunity to witness how professional parliamentary diplomacy and work by relevant agencies laid the foundation for this unique agreement. Clear argumentation and calm dialogue helped reach compromises acceptable to both sides.
The agreement explicitly states: all resources belong to Ukraine, fund management is conducted jointly, and decisions are made on a parity basis. “Ukrnafta” and “Energoatom” remain state-owned. This is essential for maintaining our energy independence and strategic control over key assets.
Many Ukrainians openly fear external control. But this agreement is not about control—it is about cooperation. It does not undermine state sovereignty; rather, it strengthens it. Ukraine is treated as an independent and equal actor in international politics. Importantly, the agreement does not contradict our Constitution or our Euro-integration course.
A Signal for Investors
The agreement is more than a bilateral arrangement. It acts as a signal to other investors: Ukraine is a reliable partner. We are building a reputation as a country that handles its resources transparently and responsibly.
The creation of a parity-based fund sends a strong message to global stakeholders: investing in Ukraine is worthwhile. The United States is showing its readiness to invest not just in recovery but also in long-term development. This introduces a new logic for investment—not short-term profit but strategic partnership. European companies, which have hesitated due to risks of war and corruption, will hear this message too.
Control and Efficiency
One of the greatest advantages of this agreement is the fund’s management structure. It will be governed by representatives from both countries—without dominance from either side. The decision-making process ensures balance. Transparency, audits, and accountability are embedded in the agreement. As a parliamentarian, I support this model because it’s the only way to protect the interests of our citizens.
It is also crucial that the fund does not require money to be returned—it invests in projects. This will lead to more projects, job creation, and innovation.
Investment Priorities and Benefits for Ukraine
The U.S.-Ukraine Recovery Investment Fund has a clearly defined goal: to finance projects within Ukraine in the fields of mineral extraction, oil, and gas—sectors already prioritized for investment.
Especially important is that the funding will come from new revenues—specifically, 50% of proceeds from new licenses for the extraction of critical minerals, oil, and gas. No existing or planned state budget revenues will be involved. This means the fund does not deplete current national resources but works exclusively with future opportunities.
I am convinced the fund’s effectiveness will depend on the transparency of decisions and accessibility of investments not only to international giants but also to Ukrainian companies.
Political Weight: Beyond Economics
This agreement is not only an economic document—it is a response to skeptics who questioned the sustainability of U.S. support. It proves that America stands with us not only until victory over Russia, but also beyond.
For the Ukrainian parliament, this agreement presents a challenge. First, we must ratify it. Second, we must ensure an appropriate legislative framework: investors must be protected, and anti-corruption efforts must be more than declarations.
We cannot expect others to do everything for us. Even the best agreement will not work unless we show the will to change. This agreement must become not just a headline—but a foundation for real reforms. We must deliver results that will convince even the most skeptical partners.
A Historic Opportunity
The U.S.-Ukraine Investment Fund is more than a financial instrument. It is an architecture of the future—a chance to escape the paradigm of dependency and move toward one of mutual benefit.
Ukraine now has a unique window of opportunity. If we use it wisely, we will gain not just resources but a new quality of development. As a parliamentarian and citizen, I believe this model offers Ukraine a path not only to recovery but to becoming stronger and more competitive.
Partner countries are not just creating funds—they are building trust. And trust is something that always holds value.