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Bessent says economic partnership will protect Ukrainians and US taxpayers

(Reuters) - An economic partnership between Ukraine and the U.S. would benefit both countries, U.S. Treasury Secretary Scott Bessent wrote in an opinion piece for the Financial Times on Saturday.

"The support of the US has enabled a historic and valiant defense by the Ukrainian people, and as a result, we are now on the verge of a peace deal for Ukraine and a renewal of stability in Europe," Bessent wrote.

Bessent said in the newspaper that the U.S. has proposed that revenue received by Ukraine's government from natural resources, infrastructure and other assets would be allocated to a fund focused on the long-term reconstruction and development of Ukraine, with the U.S. having economic and governance rights in those future investments.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Paul Simao)