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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 Ukraine

The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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