US, Ukraine sign economic deal after Trump asks Kyiv to pay back for help

Treasury Secretary Scott Bessent said in a video posted to X that this partnership allows the United States to invest alongside Ukraine, to unlock country's growth assets
AP Kyiv
The US and Ukraine announced on Wednesday an economic deal after a weekslong press by President Donald Trump calling on Ukraine to compensate Washington for billions more 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, mobilise American talent, capital and governance standards that will improve Ukraine's investment climate and accelerate Ukraine's economic recovery.
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.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

19 minutes ago

• Time of India

Israel-Iran News Live Updates: Iran FM says ready to 'consider' diplomacy 'once the aggression is stopped'

US President Donald Trump claimed that the United States had taken "complete and total control of the skies over Iran." He further warned Iran's Ayatollah Khamenei saying that "We know exactly where the so-called 'Supreme Leader' is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now. But we don't want missiles shot at civilians, or American soldiers. Our patience is wearing thin. Thank you for your attention to this matter!" The long-simmering tensions between Israel and Iran have exploded into open warfare since Friday, June 13, 2025, marking an unprecedented period of direct military confrontation. Israel initiated a major campaign of fighter jet and drone strikes across Iran, targeting nuclear and military sites, including surface-to-surface missile production facilities, detection radar sites, and surface-to-air missile launchers. Reports indicate strikes on residential areas and fuel depots, with Iran's health ministry reporting at least 224 fatalities and over 1,200 injuries, mostly civilians. Israeli forces have also reportedly killed several top Iranian military commanders and atomic scientists. The IDF claims to have destroyed one-third of Iran's surface-to-surface missile launchers and achieved "full air superiority over Tehran," also striking an Iranian refueling aircraft 2,300 km away. In retaliation, Tehran has launched barrages of missiles and drones, hitting Israeli cities and towns, causing at least 24 deaths and 592 injuries, with a major oil refinery in Haifa among the targets. The IDF confirmed intercepting over 100 Iranian UAVs. The international community, including China, Turkey, and G7 leaders, has urgently called for de-escalation, but both sides remain defiant. Israeli Prime Minister Benjamin Netanyahu asserts the offensive aims to thwart "existential" nuclear and missile threats and has not ruled out targeting Iranian Supreme Leader Ayatollah Ali Khamenei, suggesting it would "end the conflict." The UN's IAEA reported physical damage to an above-ground component of Iran's Natanz uranium enrichment facility but normal external radiation levels, while warning of potential internal contamination. Amidst the crisis, planned nuclear negotiations between Tehran and Washington were called off.

Economic Times

20 minutes ago

• Economic Times

Putin warns about World War III, points to Ukraine war and Israel-Iran conflict Middle in East

Vladimir Putin expressed worry about a possible World War III. He cited conflicts in Ukraine and the Middle East. Putin mentioned talks with Benjamin Netanyahu, Masoud Pezeshkian, and Donald Trump. He criticized Western dominance and promoted a balanced world order. Putin reiterated that Russians and Ukrainians are one people. He accused Kyiv of rejecting peace proposals and troop withdrawal. Russian President Vladimir Putin said that if regional conflicts are unresolved, it may lead to a global war while attending a plenary session of the St. Petersburg International Economic Forum in St. Petersburg, Russia, on Friday, June 20, 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Russian President Vladimir Putin raised serious concerns over a potential World War III during a key address at the 28th St. Petersburg International Economic Forum (SPIEF). Speaking during a plenary session, Putin said rising regional tensions must not be taken lightly."It does concern me. There is no irony about it, this is no joke," Putin said, responding to a journalist who asked if he feared the world was heading toward pointed to several ongoing crises. He cited his own country's war against Ukraine, instability in the Middle East, and recent attacks on nuclear facilities in Iran by Israel . 'These conflicts need serious attention and peaceful solutions,' he also revealed he had spoken with Israeli Prime Minister Benjamin Netanyahu, Iranian President Masoud Pezeshkian, and US President Donald Trump. Putin said Russia had shared its vision for resolving the Iran-Israel crisis and hoped those proposals would be Russian leader criticized western dominance and said the world is undergoing a shift in power. "The G7's share of the global economy is shrinking. BRICS is growing. These are objective trends, and the changes they bring are inevitable," he said Russia and China were not forcing a new world order but were helping shape a more balanced one. 'It is rising naturally, like the sun,' he reiterated his claim that Russians and Ukrainians are one people. 'In that sense, all of Ukraine is ours,' he said. However, he added that Russia has never opposed any nation's desire for accused Kyiv of rejecting early peace proposals and said Ukraine refused to withdraw troops from disputed territories. 'From the outset, we urged Kiev to end the conflict. They refused,' Putin said.

Time of India

an hour ago

• Time of India

Putin warns about World War III, points to Ukraine war and Israel-Iran conflict Middle in East

Russian President Vladimir Putin raised serious concerns over a potential World War III during a key address at the 28th St. Petersburg International Economic Forum (SPIEF). Speaking during a plenary session, Putin said rising regional tensions must not be taken lightly. "It does concern me. There is no irony about it, this is no joke," Putin said, responding to a journalist who asked if he feared the world was heading toward WW3. Putin pointed to several ongoing crises. He cited his own country's war against Ukraine, instability in the Middle East, and recent attacks on nuclear facilities in Iran by Israel . 'These conflicts need serious attention and peaceful solutions,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo He also revealed he had spoken with Israeli Prime Minister Benjamin Netanyahu, Iranian President Masoud Pezeshkian, and US President Donald Trump. Putin said Russia had shared its vision for resolving the Iran-Israel crisis and hoped those proposals would be implemented. The Russian leader criticized western dominance and said the world is undergoing a shift in power. "The G7's share of the global economy is shrinking. BRICS is growing. These are objective trends, and the changes they bring are inevitable," he said. Live Events Putin said Russia and China were not forcing a new world order but were helping shape a more balanced one. 'It is rising naturally, like the sun,' he added. He reiterated his claim that Russians and Ukrainians are one people. 'In that sense, all of Ukraine is ours,' he said. However, he added that Russia has never opposed any nation's desire for sovereignty. He accused Kyiv of rejecting early peace proposals and said Ukraine refused to withdraw troops from disputed territories. 'From the outset, we urged Kiev to end the conflict. They refused,' Putin said.