Ukraine is prepared to sign an agreement with the United States that is expected to strengthen their strategic cooperation and deepen economic ties, according to a source familiar with the matter, cited by Bloomberg.

The agreement, which involves the establishment of a joint investment management fund, has been finalized and could be signed as soon as today.

According to the draft, the U.S. and Ukraine will work to create conditions that promote investment in Ukraine’s mining, energy, and related technology sectors. Washington also acknowledges Kyiv’s intent to avoid any conflict with its plans for European Union accession—something Ukraine considers a “red line” in ongoing talks.

In a major development, the U.S. has agreed that only future military aid provided after the agreement is signed will count toward America’s contribution to the fund. Ukrainian Prime Minister Denys Shmyhal stated on Sunday that Washington had withdrawn its demand to include billions of dollars in aid already delivered since the start of the Russian invasion.

The signing may take place as President Donald Trump grows increasingly frustrated with delays in achieving a ceasefire in the war, now entering its fourth year. Trump has questioned whether Russian President Vladimir Putin is willing to engage in peace talks, which Trump had pledged to initiate within the first 100 days of his new administration. The White House said Tuesday it is “confident” that the agreement on critical minerals with Ukraine will be signed.

According to the draft, the agreement “strengthens the strategic partnership between the two parties for the long-term reconstruction and modernization of Ukraine in response to the widespread destruction caused by the full-scale Russian invasion.”

Two other technical agreements detailing how the joint fund will operate have yet to be finalized.

A spokesperson for the U.S. Treasury Department did not immediately respond to a request for comment.

The signing is expected to follow a memorandum of intent signed in April, with both sides continuing to negotiate technical details. The agreement also stipulates that the U.S. will have priority access to profits transferred to a special reconstruction fund controlled by Washington.

A previous attempt to finalize the agreement failed earlier this year after a clash between Ukrainian President Volodymyr Zelensky and President Trump, along with Vice President JD Vance, in the Oval Office. Zelensky met privately with the U.S. President last Saturday at the Vatican before the funeral of Pope Francis.