US and Ukraine Set to Sign Memorandum of Intent for Fossil Fuel Agreement

The path is opening for the US and Ukraine to sign a strategically significant fossil fuel agreement, as revealed today (18.04.2025) by The Guardian. The British newspaper published the Memorandum of Intent that both parties are expected to sign next week. According to the draft, it outlines plans to establish a joint investment fund between the two nations while acknowledging the ‘significant economic and material support’ provided by the US to Ukraine since Russia’s full-scale invasion in February 2022. However, the memorandum does not clarify whether future investment profits will be used to settle debts alleged by Donald Trump regarding Ukraine’s obligation due to American military and economic aid. Ukrainian President Volodymyr Zelenskyy argues that weapon deliveries were approved by Congress and not loans, absolving Ukraine of any debt. The Memorandum emphasizes mutual intentions toward lasting peace, economic partnership, respect for Ukraine’s EU integration process, and recognition of its past contributions to global security by relinquishing nuclear weapons. Both sides aim to finalize the agreement soon, with key discussions concluding by April 26, 2025.