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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 Kherson Oblast

Kherson Oblast in Ukraine’s south had a population of around 270,000 people at the beginning of 2022. Russia currently occupies about 73% of Kherson Oblast. The administrative center of the region is the city of Kherson, which was captured by Russia in February 2022 and liberated after eight and a half months.Kherson Oblast borders Mykolaiv Oblast, Zaporizhzhia Oblast, and Dnipropetrovsk Oblast. To the south of Kherson Oblast is the Black Sea and Crimea.

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