Ukraine and the US have signed a memorandum on useful mineral resources, Ukrainian economy minister Yulia Svyrydenko said, according to UNIAN.

“We have signed a memorandum that confirms the constructive joint work of our teams and the intention to finalize and conclude a beneficial agreement for our peoples. The agreement will open up opportunities for significant investments, infrastructure modernization, and mutually beneficial partnership between Ukraine and the US. It is for this purpose that the teams are working on the document,” the minister noted.

The memorandum, however, is not an agreement. The signed document confirms the intention to sign a full agreement in the future.