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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 Gripen Fighter Jet

The Gripen is a Swedish multirole fighter aircraft manufactured by Saab, designed for operations from short runways and highways with advanced electronic warfare capabilities. Ukraine has expressed interest in acquiring Gripen jets as part of its air force modernization alongside F-16s, which Kyiv received in 2024.

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