Ukraine expects to sign a long-awaited minerals agreement with the United States within the next 24 hours, Prime Minister Denys Shmygal announced on Wednesday, as both sides finalize the remaining details.

The deal will establish a joint initiative between Washington and Kyiv to develop Ukraine’s vast mineral resources — a move U.S. President Donald Trump has described as “money back” for the military aid the U.S. has provided during the ongoing conflict.

“This is a truly fair, equal, and mutually beneficial international agreement focused on joint investments in Ukraine’s development and recovery,” Shmygal said during a national television broadcast. “I hope the agreement will be signed imminently — within the next 24 hours — allowing us to take the first concrete step forward.”

Although the signing was initially scheduled weeks ago, talks were temporarily disrupted following a heated exchange between President Trump and Ukrainian President Volodymyr Zelensky during a White House meeting.

Ukraine has been advocating for the inclusion of security guarantees as part of any major economic partnership, particularly in light of Russia’s three-year invasion. However, a senior official from the Ukrainian presidency declined to confirm whether the agreement includes such guarantees.

The United States maintains that deepening American business involvement in Ukraine could help deter future Russian aggression should a ceasefire be reached.

According to the Ukrainian official, the agreement will not be tied to any form of repayment or “debt” for past aid. Instead, it will establish a balanced 50/50 investment fund jointly financed by both Kyiv and Washington.

“The agreement ensures parity between both parties,” the official said. “An investment fund will be created to support reconstruction efforts, with contributions from both Ukraine and the United States.”