"Politically it's a good deal for us," Oleksandr Merezhko, Ukraine's parliamentary foreign affairs committee chair, told Newsweek.

Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country's first deputy prime minister said on Tuesday.

Ukraine signed a deal with the U.S., giving the U.S. access to Ukraine's rare minerals as it continues to work with the Trump administration to end its three-year war with Russia.

President Volodymyr Zelenskyy signed a law on the ratification of rare earth metals between Ukraine and the United States. Zelenskyy also stated that he is ready to ally with Russian dictator Vladimir Putin.