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Exclusive: US fund to make 'big' investment in Ukraine's critical minerals this fall, economy minister says

A fund set up by Kyiv and Washington will make its second investment in the fall, this time backing a critical minerals project, Ukraine's economy minister said. "In the fall we will announce a big investment into critical minerals," Economy Minister Oleksii Sobolev told the Kyiv Independent in an in-depth interview, in which he spoke at length about how Ukraine is a market economy at the cutting edge of learning to live in a more uncertain world.  Sometimes referred to as the "minerals deal,"

Economy Minister Oleksiy Sobolev in Kyiv, Ukraine, on July 3, 2026.

About Baltics

The Baltics comprise Estonia, Latvia, and Lithuania, three NATO member states on the Baltic Sea that together cover 175,000 square kilometers (67,568 square miles). The countries have a combined population of approximately 6 million. The Baltics strongly support Ukraine with military aid, refugee assistance, and international advocacy, and view Russian aggression as an existential threat due to their shared history of Soviet occupation.

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