A key minerals agreement between the United States and Ukraine has been delayed due to last-minute disagreements, despite both sides being on the verge of finalizing the deal. The proposed agreement, which includes the creation of a joint investment fund to manage Ukraine's mineral resources, now hangs in the balance as Ukrainian officials revisit terms previously agreed over the weekend.

Ukrainian First Deputy Prime Minister Yulia Svyrydenko, currently in Washington, was expected to sign the deal. However, the Ukrainian side now argues that the fund portion of the agreement must first be ratified by parliament. US officials, including Treasury Secretary Scott Bessent, have pushed for immediate signing of both the framework and fund agreements. Bessent reportedly told Svyrydenko she should be ready to sign or return home.

"Ukrainians decided to make some last-minute changes," Bessent said during a Cabinet meeting, adding that Washington remains ready to sign without making any amendments to its own terms. US officials emphasized that the fund would be used to boost investment in Ukraine's mining, energy, and related technologies, while also channeling future US military assistance through the structure.

President Donald Trump expressed frustration over the stalled negotiations, pointing out that the US has already provided Ukraine with $350 billion in aid without receiving any security guarantees in return. In contrast, he noted, European contributions have totaled only about $100 billion and are secured by deposits. "What are we doing?" Trump asked rhetorically, underlining his desire for stricter accountability and tangible agreements moving forward.

The potential agreement is seen as part of Trump's broader strategy to shift future foreign aid into structured, investment-driven models that align with American economic and security interests. While the US administration is pushing for immediate action, Ukrainian officials remain cautious, citing legal and procedural hurdles that must be addressed before any signing can take place.

Despite the tension, US sources remain optimistic that Ukraine will return to the table soon with a final decision. The situation underscores the complex balance between urgency, diplomatic negotiation, and national legislative processes as Washington and Kiev seek to formalize a long-term partnership in the strategic minerals sector.