The United States will have access to Ukraine's critical mineral wealth, including key ingredients for the clean energy transition, under a deal the two countries are expected to sign later this week.

The United States and Ukraine are trying to hammer out a natural resources agreement that would give Washington access to Kyiv’s untapped mineral riches in exchange for investments and what Ukraine hopes would be concrete security guarantees.

Ukraine said on Wednesday that it had reached a framework agreement with the United States on jointly developing Ukraine’s natural resources including rare earths, critical minerals, oil and gas.