NPR News: 05-01-2025 8AM EDT

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2025-05-01

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  • Live from NPR News in Washington, I'm Corva Coleman.

  • Ukraine and the U.S. have set up an investment fund to share profits from the sale of Ukraine's critical minerals and raw materials.

  • NPR's Joanna Kikicis reports from Kiev.

  • The deal will give the White House incentives to keep investing in Ukraine's defense and reconstruction.

  • Ukraine's economy minister, Yulia Svitodenko, who led negotiations on the deal,

  • said revenue for the investment fund would come from new licenses for critical raw materials and natural resources.

  • Volodymyr Londov, the Center for Economic Strategy in Kiev,

  • said an earlier draft smacked of colonialism,

  • the signed deal, he says, does not obstruct Ukraine's path to the European Union.

  • and stipulates that the military and the financial assistance provided earlier will not be counted as debt.

  • The deal does not provide explicit security guarantees,

  • but the fund can be used to finance new military aid to Ukraine.

  • Joanna Kakissis, NPR News, Kyiv.

  • Former Vice President Kamala Harris delivered a major speech last night in San Francisco.