Ukraine and the United States have agreed on the terms of a mineral resources development deal, with the signing expected this week, according to officials from both countries on Tuesday. Under this agreement, the U.S. will jointly develop Ukraine’s mineral resources, and the resulting revenue will be allocated to a new joint fund shared between Ukraine and the U.S. A Ukrainian official provided this information to AFP.

The official noted that while the draft agreement mentions security, it does not explicitly outline U.S. commitments—a longstanding request from Ukraine.

“There is a general clause stating that the U.S. will invest in a stable and prosperous sovereign Ukraine, working towards lasting peace. The U.S. will support efforts to ensure security. The government is now working on the details,” the official said.

They also mentioned that Ukrainian President Volodymyr Zelensky might sign the agreement during his visit to Washington on Friday.

U.S. President Donald Trump confirmed Zelensky’s upcoming visit and hinted at a significant deal. “I’ve heard he’s coming this Friday. He wants to sign it with me. It’s a big deal. A very big deal,” Trump stated.

The Ukrainian official claimed that the U.S. has removed all clauses unfavorable to Ukraine, including the reference to $500 billion.

Previously, Zelensky had rejected Trump’s demand that Ukraine provide the U.S. with $500 billion worth of minerals used in aerospace, electric vehicles, and other technologies—a sum far exceeding the official U.S. military aid figure of $60 billion to Ukraine.

Trump did not directly answer what Ukraine would receive in return.