MOSCOW, April 18. /TASS/. Washington and Kiev intend to finalize the work on the agreement on minerals by April 26, for which Ukrainian Prime Minister Denis Shmygal will visit the United States next week. The memorandum concluded between the two countries has been published on the website of the Ukrainian cabinet.

"Ukrainian Prime Minister Shmygal will visit Washington, D.C. the week of April 21, 2025, to meet with US Treasury Secretary Bessent and lend high-level support to the conclusion of technical discussions on the terms of an agreement establishing a reconstruction investment fund. Negotiating teams are expected to report on the progress by April 26, 2025, with the aim of completing discussions by that date and signing as soon as possible," the document reads.

The memorandum containing one page documents the intention of the parties to finalize the agreement on economic partnership and the creation of an investment fund. The US has provided "significant financial and material support" to Ukraine, according to the memorandum. "The US respects Ukraine’s intention to avoid conflicts in the drafting of the agreement with Ukraine’s obligations under European Union accession or agreements with international financial institutions and other official creditors," the document reads.

The memorandum has been signed by US Secretary of the Treasury Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Sviridenko.

On April 17, Sviridenko announced the signing of the memorandum, saying that it certifies the constructive joint work and the intention to conclude a deal. The sides are preparing to set up an investment fund for the reconstruction of Ukraine, which after the signing should be ratified by the two countries’ parliaments, she added.

The minerals deal previously fell apart because of a verbal spat between Ukraine’s Vladimir Zelensky and US President Donald Trump in the White House on February 28. On March 27, Kiev announced receiving a revised deal, one which was much tougher on Ukraine than the previous one. The latest proposal demands all of Ukraine’s revenues from natural resources as repayment for aid worth some $120 billion that Washington has provided to Kiev. The United States will control an investment fund to help Ukraine’s recovery as part of the deal.