The United States and Ukraine have signed an “economic partnership agreement” that will give Washington access to Kyiv’s rare earth minerals in exchange for establishing an investment fund in Ukraine.

The U.S. and Ukrainian governments touted the signing of a controversial minerals sharing deal as a launchpad for expansive bilateral economic cooperation.

Ukraine and the United States on Wednesday signed a deal heavily promoted by U.S. President Donald Trump that will give the United States preferential access to new Ukrainian minerals deals and fund investment in Ukraine's reconstruction.