Ukraine completes steps for minerals deal with US, deputy prime minister says

Ukraine’s first deputy prime minister Yulia Svyrydenko. (AFP)
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Updated 14 May 2025
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Ukraine completes steps for minerals deal with US, deputy prime minister says

Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country’s first deputy prime minister said on Tuesday.
Yulia Svyrydenko gave few details of the latest step in securing approval of the accord, promoted by US President Donald Trump, but it was known that two additional documents were drawn up as part of its implementation.
“Another milestone on the path to launching the United States-Ukraine Reconstruction Investment Fund: Ukraine has completed all necessary procedures on schedule,” Svyrydenko wrote in English on social media.
She said a note certifying completion of the process had been handed to interim US Charge d’Affaires Julie Davis.
“These are equal agreements — forward-looking, aligned with Ukraine’s national interests, and structured to ensure investment flows exclusively into Ukraine’s recovery and growth,” Svyrydenko wrote.
After weeks of tough negotiations following a shouting match between President Volodymyr Zelensky and Trump in the Oval Office, Svyrydenko signed the minerals agreement in Washington and it was ratified last week by the Ukrainian parliament.
After that vote, Svyrydenko described the accord as “not merely a legal construct — it is the foundation of a new model of interaction with a key strategic partner.”
The minerals agreement hands the United States preferential access to new Ukrainian minerals deals and sets up the investment fund, which could be used for the reconstruction of Ukraine for the first 10 years.
Ukraine also sees the deal as a way to unlock supplies of new US weapons, especially additional Patriot air defense systems it sees as vital to protect against Russian air attacks.
Zelensky hailed the reworked draft of the agreement as a marked improvement over earlier versions that some critics in Ukraine had denounced as “colonial.” The accord also acknowledges Ukraine’s bid to join the European Union. 


Sri Lanka hospital releases 22 rescued Iranian sailors

Updated 08 March 2026
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Sri Lanka hospital releases 22 rescued Iranian sailors

  • Sri Lankan authorities said the survivors from the Dena were being handled according to international humanitarian law

COLOMBO: Sri Lanka discharged from hospital 22 Iranian sailors who were plucked from life rafts after their warship was sunk by a US submarine, officials said Sunday.
The sailors were treated at Karapitiya Hospital in the southern port city of Galle since Wednesday after the IRIS Dena was torpedoed just outside Sri Lanka’s territorial waters.
“Another 10 are still undergoing treatment,” a medical officer at the hospital told AFP.
He said the bodies of 84 Iranians retrieved from the Indian Ocean were also at the hospital.
Those discharged from hospital overnight had been taken to a beach resort in the same district.
Sri Lankan authorities said the survivors from the Dena were being handled according to international humanitarian law, and the government had contacted the International Committee of the Red Cross for assistance.
The island is also providing safe haven for another 219 Iranian sailors from a second ship, the IRIS Bushehr, that was allowed to berth a day after the Dena was sunk.
Sailors from the Bushehr have been moved to a Sri Lanka Navy camp at Welisara, just north of the capital Colombo, and their ship taken over by Sri Lanka’s navy.
Sri Lanka announced it was taking the Bushehr to the north-eastern port of Trincomalee, but an engine failure and other technical and administrative issues had delayed the movement, a navy spokesman said.
Sri Lanka has denied claims that it was under pressure from Washington not to allow the Iranians to return home, and said Colombo will be guided solely by international law and its own domestic legislation.
A US State Department spokesperson said the disposition of the Bushehr crew and Iranian sailors rescued at sea was up to Sri Lanka.
“The United States, of course, respects and recognizes Sri Lanka’s sovereignty in the handling of this situation,” the spokesperson told AFP in Washington.
India, meanwhile, said Saturday that it had allowed a third Iranian warship, the IRIS Lavan, to dock in one of its ports on “humane” grounds after it too reported engine problems.
The three ships were part of a multi-national fleet review held by India before the war in the Middle East started last week.
“I think it was the humane thing to do, and I think we were guided by that principle,” Indian Foreign Minister Subrahmanyam Jaishankar said on Saturday.
The Lavan docked in the south-west Indian port of Kochi on Wednesday.
“A lot of the people on board were young cadets. They have disembarked and are in a nearby facility,” Jaishankar said.