Wu announced the details of the US-Ukraine mining agreement.

On May 1st, local time in Ukraine, the First Deputy Prime Minister and Minister of Economy of Ukraine, Svrydianko, revealed on social media that, according to an agreement reached between Ukrainian President Volodymyr Zelensky and US President Donald Trump, she and US Treasury Secretary Scott Benton signed the "US-Ukraine Reconstruction Investment Fund Establishment Agreement", also known as the "US-Ukraine Mining Agreement" by various sectors. According to the agreement announced by Ukraine on May 1, the US-Ukraine Reconstruction Investment Fund will be jointly created with the aim of attracting global investments into Ukraine. The main provisions of the agreement are as follows: Ownership and Control: All ownership and control will remain with Ukraine. All resources within Ukrainian territory and territorial waters belong to Ukraine, and the Ukrainian government has the right to independently decide on the location of resource exploitation. The agreement clearly states that underground mineral resources belong to Ukraine. Equal Partnership: The fund will be established with a 50:50 ratio, and Ukraine and the United States will jointly manage the fund with no dominant voting rights, reflecting the equal partnership between the two countries. Protection of National Property: The agreement does not involve the privatization process or changes in the management of state-owned enterprises. State-owned enterprises will continue to belong to Ukraine, such as Ukrainian Oil and Ukrainian Energy companies will remain state-owned. No Debt Burden: The agreement does not mention any debt obligations of Ukraine to the United States, and its implementation will enhance the economic potential of both countries through equal cooperation and investment. In line with Constitution and European Integration Process: The agreement complies with national legislation and does not violate any international obligations of Ukraine. Importantly, this agreement will signal to other global participants that long-term cooperation with Ukraine is reliable. Source of Fund: The fund will be fully funded by revenues from new licenses, covering 50% of funds for key materials and projects in the oil and natural gas fields. These funds will be included in the budget after the establishment of the fund. Revenue from ongoing projects or budget revenues will not be included in this fund. Moderate Legislative Changes: The operation of the fund only requires modifications to budget laws, and the agreement itself needs approval from the highest legislature of Ukraine. US Assistance in Attracting Investments and Technology: The fund will be supported by the US government through the US International Development Finance Corporation, and will help attract investments and technology from the US, EU, and other countries supporting Ukraine against Russia. Technology transfer and development are important components of the agreement, as Ukraine not only needs investment, but also innovation. Tax Protection: Income and donations to the fund will not be taxed in the US or Ukraine to ensure maximum return on investment. The US has provided donations to the fund, and in addition to direct funds, may provide new assistance, such as providing air defense systems for Ukraine. Ukraine will contribute 50% of national budget revenue from new lease rents of new land plots, and may also provide additional donations beyond this base amount, if needed.