Treasury Secretary Bescent discusses economic transactions offered to Zelensky in Ukraine
Fox Business Correspondent Edward Lawrence breaks down the US Treasury Secretary’s proposal for a joint economic venture with Ukraine on the “Big Money Show.”
Exclusive: Secretary of the Treasury Scott Bescent said Wednesday that funding Ukraine would come with a new level of “transparency” under the Trump administration.
dispatched by the president Donald Trump As part of its efforts to end the conflict with Russia, Bescent spoke with Ukrainian Fox Business Correspondent Edward Lawrence after providing Ukrainian materials with an economic investment contract related to Ukrainian materials. did.
“I think entering into a partnership with the US will give Ukrainian businesses a new level of transparency,” Bescent said. “And the way we build US interest in the fund is a very high corporate hygiene standard, best practice, and assume that it will be sent to larger Ukraine as a whole.”
Treasury Secretary Bessent offers economic investment agreements to Zelenskyy
Treasury Secretary Scott Bescent was sent to Ukraine as part of an effort to end the conflict with Russia. (Vincent Alban/Bloomberg via Getty Images)
Bessent added that transactions in which the US is involved will have very high standards and full accountability for the money the country owes.
Zelenskyy said he will review the US proposal and respond to meeting Munich Vice President JD Vance by Friday. Secretary of State Marco Rubio will also lead the US delegation at the meeting.
JD Vance, Ministry of Finance Bescent to meet Ukrainian President
Although details of the transaction have not been made public, Bescent said the US expects it to be entitled to the income Ukraine already receives from several resources. He added that the timing of how quickly a transaction is carried out depends on the “risk-taking desire” from the parties who want to commit.
“The real reward will be when the conflict ends and there is a rush to rebuild Ukraine,” the Treasury Secretary said. Wall Street companies including JPMorgan and BlackRock reportedly discussed it Investment in war-torn regions, as reported by Fox Business in 2023.
Ukrainian President Voldy Mie Zelensky addressed the 78th UN General Assembly at the United Nations Headquarters in New York City on September 19, 2023. (Timothy A. Clara/AFP via Getty Images)
As of mid-2024, Congress approved $175 billion in aid and military aid to the Ukrainian government since the Russian invasion in February 2022. Responsible Federal Budget Committee.
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Economic Transactions Tied to rare earth materials, Bescent said, is the first step in the Trump deal to restore peace between Ukraine and Russia.
When asked how it fits into a larger peace agreement, he said, “We have a lasting alliance with Ukraine, and the US government, US entities, and the US entities, are in the Ukraine. They would be showing the Russians that they have more assets on the ground – that should be done. They act as a long-term deterrent against any further invasion by the Russians.”