Key Facts

• The US and Ukraine have penned an agreement on the shared use of Ukrainian energy and mineral resources.
• The deal comes after many months of tense negotiations between the two nations.
• As part of the agreement, a 'Reconstruction Investment Fund' will be created to support Ukraine's economic recovery from its conflict with Russia.
• Ukraine's resources, such as graphite, titanium and lithium, are highly sought after for renewable energy projects, military applications and industrial infrastructure.
• This agreement is struck in the backdrop of a trade war between the US and China, where a large percentage of the world's current rare-earth metals are sourced from.
• Under this deal, the US will provide new assistance, such as air defense systems, to Ukraine.
• Despite some contentions during negotiations, the agreement was finalized and is expected to be ratified by lawmakers in Kyiv.
• This deal is seen as crucial for Ukraine gaining access to US military aid.