Ukraine: Trump backs down as Ukraine and US sign deal in major ceasefire breakthrough

The United States and Ukraine have signed a long-awaited mineral deal, which Ukraine believes will enable it to access vital military aid. The newly created US-Ukraine Reconstruction Investment Fund will allow the United States to access vital minerals within Ukraine's borders and recognises the "significant financial and material support" given to Kyiv during the conflict.

US Treasury Secretary Scott Bessent said that it showed both sides were committed to peace in the conflict and comes amid growing economic tensions following the decision to impose tariffs on China. Ukraine's Deputy Prime Minister Yulia Svyrydenko said on X: "Together with the United States, we are creating the Fund that will attract global investment into our country."

Former Russian president and prime minister Dmitry Medvedev blasted the deal, claiming: "Trump has finally broken the Kiev regime into paying for American aid with minerals," as he deliberatley used the Russian spelling of the Ukrainian capital.

"Now military supplies will have to be paid for with the national wealth of a disappearing country. And the US Senate, led by Republicans, is preparing to impose another round of 'crushing sanctions' against us. Let's see how the new administration responds.

"Trump's ratings have gone down, and the 'deep state' is putting up fierce resistance."

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