The US and Ukraine will finally sign a long sought-after mineral rights agreement next week after months of negotiations, according to officials from both countries. President Trump announced in the Oval Office Thursday that an agreement had been reached,

The United States and Ukraine signed a letter of intent online on Thursday concerning the United States' involvement in the development of Ukrainian mineral deposits, according to Ukrainian First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko.

The memorandum of intent paves the way for an economic partnership deal and the setting-up of an investment fund for the reconstruction of Ukraine.