Ukraine has signed a memorandum of intent with the United States regarding a minerals deal, marking a step toward an economic partnership agreement.

According to the BBC, Yulia Svyrydenko, the minister of economics, stated that the agreement might possibly establish an investment fund for the country's reconstruction. Officials in the United States hope to reach a formal deal by the end of next week. Earlier talks were derailed by a public disagreement between Trump and Zelensky during a February White House meeting.

Svyrydenko shared pictures of the signing on X to announce it.The agreement aims to secure US access to Ukraine's critical minerals and oil resources while offering the prospect of a US security guarantee in the event of a ceasefire with Russia, BBC reported.