Treasury Secretary Scott Bessent said Saturday that President Donald Trump’s proposed economic partnership with Ukraine would benefit both countries by securing U.S. taxpayer interests while fueling Ukraine’s postwar recovery, transforming the embattled country into one that is rich and stable.
In a Feb. 22 op-ed for the Financial Times, Bessent outlined the deal, in which the Ukrainian government would allocate its revenue from natural resources, infrastructure, and other assets to a fund dedicated to long-term reconstruction and development, with the United States having economic and governance rights in those future investments.
“This structure and relationship bring the high standards of transparency, accountability, corporate governance and legal frameworks necessary to attract the robust private investment for postwar growth in Ukraine,” he wrote. “The U.S.’s involvement would leave no room for corruption and insider deals.”…