Scott Bessent, the U.S. Secretary of the Treasury, announced that the Ukrainian delegation is set to arrive in the United States either this week or early next week to sign a revised resource agreement.

Following reports in the media in late March, Ukrainian President Volodymyr Zelensky expressed that he would not travel to the U.S. to sign the agreement until the conditions, which are 'constantly changing,' are clearly defined.

Bessent indicated that, in his view, the Ukrainian team has already hired a lawyer, stating that the new version of the agreement, which now includes all revenues from Ukrainian resources, is essentially the same as previously negotiated.

"I believe the team from Ukraine may come to us by the end of this week or early next week. I think the Ukrainians have already hired a lawyer," Bessent said, adding: "We are going to sign a four-page agreement." He recalled the infamous meeting in the White House on February 28 between Zelensky and Trump, asserting that the new version is merely a continuation of prior arrangements.

"What we did was after the incident in the White House – it seems it was on February 28 – we are going to sign a four-page agreement which was the parameters of mutual understanding. And we at the Treasury seized the opportunity to move to a larger agreement. So this is the same agreement ... on four pages," he remarked.

New Agreement

Reportedly, the U.S. demanded more resources and revenues than were stipulated in previous agreements, with conditions such as veto rights for American appointees and no security guarantees, causing concern in Kyiv.

Kyiv aims to amend the new draft agreement to secure more American investments, while the Trump administration is reportedly open to changes to certain parts of the agreement to accommodate Kyiv's economic interests.

According to Ukrainian MP Yaroslav Zhelezniak and international media such as the Financial Times and Reuters, which obtained copies of the new draft agreement, changes were made to the following points:

Scope of the Agreement – previous versions stipulated 50% of revenues from oil, gas, and mineral extraction in Ukraine (plus related infrastructure), but the new version includes more minerals and all revenues generated in both public and private sectors.

Payment Terms – under the new agreement, revenues must be converted into foreign currency immediately upon extraction and directed towards repaying U.S. assistance to Ukraine, plus 4% interest. The U.S. will also have first rights to all resources. Ukraine will only access fund profits after debts are settled.

Indefiniteness – the duration of the agreement is not specified and may be changed unilaterally by the United States.

Joint Fund Management – various iterations of the agreement proposed that a joint investment fund manage the fund, but the new version stipulates that a five-member council will manage the fund, three of whom are appointed by the U.S. and have veto power.

The new version also omits any mention of security guarantees – a key provision insisted upon by Kyiv. Trump previously argued that U.S. economic interests in Ukraine should serve as a deterrent against future incursions.

However, significant American investments in Ukraine did not prevent Moscow's invasion in 2022.