Trump refuses to sign agreement on post-war reconstruction of Ukraine worth $800bn
President of the United States Donald Trump refused to sign a large-scale agreement on the post-war reconstruction of Ukraine worth almost $800 billion, reports Axios citing sources in the US administration.
According to the publication, the deal was actually paused due to the escalation of the political situation around Greenland, This was one of the key factors in the failure of the previous agreements.
The White House's position
The White House insists that it is incorrect to talk about cancelling the deal. According to administration officials, there was no specific date of signing, and the document itself is still being finalised.
The deal was not cancelled because it was not yet ready to be signed," Axios sources said.
What is the agreement about
According to preliminary information, the document provided for a multi-year investment programme in the reconstruction of Ukraine after the war, in particular in:
infrastructure;
energy;
residential construction;
industry and logistics.
The deal was expected to be one of the of the largest US financial initiatives regarding Ukraine.
Context.
In recent months, the Trump administration has been revising its approach to the US international commitments, focusing more on domestic political and geopolitical issues. The situation around Greenland has become an additional factor in tensions with allies and has affected the White House's agenda.
Ukrainian
English