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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 Donetsk Oblast

The Kyiv Independent's news and on-the-ground reporting from Donetsk Oblast, covering 26,517 square kilometers (10,239 square miles) in Ukraine’s East with a pre-war population of approximately 4.1 million. The administrative center is Kramatorsk, as Donetsk city has remained under Russian occupation since 2014. Donetsk Oblast has been the scene of intense fighting, for example, around the cities of Bakhmut, Avdiivka, and Vuhledar, as Moscow attempts to capture the entire region.

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