The agreement on minerals, signed by Ukraine and the U.S., is more political than economic in nature and is aimed at changing the narrative in the U.S. regarding Ukraine. Such an assessment of the deal was offered by former U.S. State Department Special Representative for Ukraine Kurt Volker. According to the diplomat, the minerals agreement is broader than just minerals as it creates a Reconstruction Fund so that in the event of new licenses for resource extraction in Ukraine, money would be deposited into this fund and then governed by a board that would discuss how these funds are to be used. “The reality is that nothing will go into this fund. There will be no money at all as a result of this deal for years, and years, and years… You’re not going to see any money going into this fund until we see the end to the war and years of capitalized investment into resource issues in Ukraine in order to generate this income,” Volker said.