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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 Dnipropetrovsk Oblast

The Kyiv Independent's news and on-the-ground reporting from Dnipropetrovsk Oblast, which covers 31,974 square kilometers (12,348 square miles) in central-eastern Ukraine. Dnipropetrovsk Oblast's population is approximately 3.2 million, and its administrative center is Dnipro, Ukraine's fourth-largest city and major economic hub. Ukrainian forces use the region as a logistics base for operations in the eastern and southern fronts.

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