May 1, 2025
On April 30th, Ukraine signed a landmark minerals deal with the United States, covering 57 critical minerals—among them lithium, cobalt, nickel, uranium, and rare earth elements. These resources are vital for electric vehicles, semiconductors, satellites, and advanced weapons systems, positioning Ukraine as a key player in global technological supply chains.
This agreement grants the U.S. preferential access to these strategically important minerals, including newly discovered oil and gas deposits. It establishes a 50/50 U.S.–Ukraine Reconstruction Investment Fund, which will invest in extraction, processing, and infrastructure inside Ukraine. Revenues from the first ten years are earmarked entirely for Ukraine’s recovery.
At SUSK, we view this as a significant moment in Ukraine’s reconstruction journey. But we must be clear: while this deal supports Ukraine’s economic future, it does not provide direct security guarantees. The war continues, and Ukraine’s sovereignty and safety remain under daily threat.
This is where Canada must step up. As a long-time ally and partner, Canada has the opportunity—and responsibility—to strengthen its support. We urge the newly elected Canadian government to prioritize Ukraine in its foreign and economic policy. This means:
- Investing in Ukraine’s economy and building stronger economic ties
- Supporting sustainable reconstruction efforts
- Backing Ukraine’s path to the European Union
- And most importantly, offering stronger and lasting security support
As young Ukrainian Canadians, we know that our advocacy makes a difference. This deal is a reminder that diplomacy and partnership matter. But it’s also a call to action: economic tools must be matched with political will and moral courage.
Katrina Korotky
President, Ukrainian Canadian Students’ Union (SUSK)