U.S. Treasury Secretary Scott Bessent said that revenue derived from a minerals deal between the United States and Ukraine would fuel the “long-term reconstruction and development” of the war-torn country.

In a guest column for the Financial Times that was published Saturday, Bessent reminded that it was Ukrainian President Volodymyr Zelenskyy who first surfaced the concept of a minerals deal to President Donald Trump last September.

Bessent wrote that he took his first international visit to Kyiv with a plan of “turbocharging the country’s economic growth.”

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