Ukraine accepts terms of minerals deal with US, could sign agreement on Friday
Ukraine has agreed to the terms of a significant minerals deal with the United States, as confirmed by Ukrainian officials. This agreement involves the creation of a fund that will manage and invest in Ukraine’s natural resources, including rare earth minerals, oil, and gas. The deal does not include the initial U.S. demand for a $500 billion share in potential earnings, nor does it provide explicit security guarantees for Ukraine, which remains a crucial demand from Kyiv.
Financial Arrangement: Ukraine will contribute a portion of its revenues from natural resources to a fund, with the U.S. holding a significant financial stake. The fund aims to reinvest some of its revenues back into Ukraine.
Security Concerns: Despite Ukraine’s push for security assurances, the current draft does not include such guarantees. This remains a pressing issue for Ukraine as it continues to face conflict with Russia.
Potential Signing: Plans are underway for Ukrainian President Volodymyr Zelenskyy to visit Washington, possibly to sign the agreement as early as Friday.
Context: The deal is part of a broader economic and strategic partnership between Ukraine and the U.S., with Ukraine seeking long-term support from Washington.
The agreement comes after weeks of tense negotiations and public disagreements between President Zelenskyy and U.S. President Donald Trump. Trump has emphasized the need for Ukraine to compensate the U.S. for past military aid, while Zelenskyy has sought stronger security commitments from the U.S.. The deal’s lack of security guarantees has raised concerns among European allies, who fear being sidelined in negotiations involving Ukraine’s future security.
