Ukraine and US announce economic deal

Donald Trump speaks during a cabinet meeting at the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Evan Vucci)

Ukraine and the US have announced an economic deal after Donald Trump called for Kyiv to compensate Washington for billions of dollars in assistance to help repel Russia’s 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”.