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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 Cossacks

Cossacks were semi-nomadic military groups that emerged in the 15th century across the steppes of what is now Ukraine. The Cossack Hetmanate existed as an independent state from 1648 to 1764, before Russian imperial authorities abolished Cossack autonomy and suppressed their cultural identity. Modern Ukraine recognizes Cossack heritage as a foundational element of national identity and resistance against foreign domination.

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