Bessent emphasised that the plan wouldn’t burden Ukraine with debt or switch Ukrainian property to U.S. possession.
Treasury Secretary Scott Bessent mentioned Saturday that President Donald Trump’s proposed financial partnership with Ukraine would profit each international locations by securing U.S. taxpayer pursuits whereas fueling Ukraine’s postwar restoration, reworking the embattled nation into one that’s wealthy and secure.
“This construction and relationship carry the excessive requirements of transparency, accountability, company governance and authorized frameworks mandatory to draw the sturdy personal funding for postwar progress in Ukraine,” he wrote. “The U.S.’s involvement would depart no room for corruption and insider offers.”
Bessent emphasised that the plan wouldn’t burden Ukraine with debt or switch Ukrainian property to U.S. possession, distinguishing it from financial methods utilized by different world actors.
“President Trump’s modern method represents a brand new mannequin for productive worldwide partnership. Let’s even be clear as to what this isn’t. The U.S. wouldn’t be taking possession of bodily property in Ukraine. Nor would it not be saddling Ukraine with extra debt,” Bessent wrote, including that the deal doesn’t contain any “financial strain” on Kyiv that will undermine its sovereignty.
“Such a financial strain, whereas deployed by different world actors, would advance neither American nor Ukrainian pursuits,” Bessent wrote. “As a way to create extra worth over the long run, the U.S. have to be invested alongside the folks of Ukraine, in order that each side are incentivized to achieve as a lot as attainable.”
Bessent mentioned proceeds from Ukraine’s pure sources could be reinvested into key sectors that will drive financial growth, whereas guaranteeing international locations that didn’t assist Ukraine’s protection wouldn’t revenue from its reconstruction. He pointed to Poland’s post-1992 financial transformation as a mannequin for Ukraine’s potential progress, citing structural reforms, infrastructure funding, and international funding as key elements in tripling Poland’s economic system after its folks toppled communism and embraced free markets.
“President Trump’s proposed partnership aligns the curiosity of the American folks with these of the folks of Ukraine,” Bessent continued. “The president acknowledges that nationwide safety is constructed alongside financial safety, and the extra profitable and safe postwar Ukraine is, the extra that each the Ukrainian folks and the folks of the U.S. will profit.”
Bessent mentioned the partnership would lay the foundations for a sturdy peace, and reinforce Ukraine’s sovereignty and success.
Ukraine has not responded to the newest proposal.
“I’ve spoken to President Putin, and I feel that factor goes to finish. It’s received to finish,” he mentioned. “It’s a horrible, horrible factor to observe. I’m coping with President Zelensky. I’m coping with President Putin.
“I’m going to attempt to get the conflict settled, and I’m going to attempt to get all that demise ended,” Trump mentioned.