ISTANBUL 

Ukrainian President Volodymyr Zelenskyy on Thursday praised the ratification of the Ukraine-US Economic Partnership Agreement, calling it the most promising economic deal in the history of bilateral relations.

“I thank all 338 Members of Parliament who voted in favour of the agreement,” Zelenskyy said on X, adding that the law is expected to be submitted to his office soon for completion of legal procedures.

Once ratified, he said, Ukraine will begin establishing the joint investment fund envisioned in the deal, which he described as a “foundation for security cooperation” and a driver of economic growth for decades.

“This is a joint investment effort with the United States for decades to come,” Zelenskyy added.

“It offers an opportunity for Ukraine and the U.S. to expand mutually beneficial economic collaboration, develop industries and create jobs in both countries, and ensure technological advancement,” he said.

The Ukrainian president emphasized that the deal, agreed upon with his US counterpart Donald Trump, marks “a new chapter” in bilateral ties.

On April 30, Ukraine and the US signed a minerals agreement, officially known as an economic partnership deal, in Washington, DC after months of tense negotiations, as well as a heated Oval Office exchange in February.

The agreement stipulates the establishment of a joint investment fund for Ukraine's reconstruction, and will be financed, in part, by revenues gained from the extraction of natural resources.