The U.S. and Ukraine announced on Wednesday an economic deal after a weekslong press by President Donald Trump calling on Ukraine to compensate Washington for billions in military and economic assistance to help Ukraine repel the Russian invasion.

Treasury Secretary Scott Bessent said in a video posted to X that “this partnership allows the United States to invest alongside Ukraine, to unlock Ukraine’s growth assets, mobilize American talent, capital and governance standards that will improve Ukraine’s investment climate and accelerate Ukraine’s economic recovery.”

Thanks to @POTUS @realDonaldTrump’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund to help… pic.twitter.com/N1jPa35DYh

— Treasury Secretary Scott Bessent (@SecScottBessent) April 30, 2025

Ukraine’s Economy Minister Yulia Svyrydenko confirmed to The Associated Press that the deal has been signed in Washington. In a post on X, she said “Together with the United States, we are creating the Fund that will attract global investment to our country.”

This is a developing news story. Check back for updates.