Ukraine Reportedly Agrees On Terms Of Lucrative US Minerals Deal
Ukraine has reportedly agreed on the terms outlined in the United States minerals deals that will give the superpower access to lucrative minerals, according to a Ukrainian government source.
US President Donald Trump says he expects Ukrainian leader Volodymyr Zelensky to travel to Washington on Friday and sign the deal.
Media reports say a revised version of the document appears to have dropped a US demand to get $500bn (£395bn) in potential revenue from accessing Ukrainian natural resources
However, it reportedly does not give firm security guarantees to war-torn Ukraine – a key Ukrainian demand.
Reports suggest it would see the creating of a jointly owned fund, which would be used to rebuild Ukraine’s infrastructure and economy. More details will be revealed as further discussions are had.
Trump has framed this agreement as compensation for US aid given throughout the last three years of the war. The US has been the war-torn country’s biggest military backer since Russia launched its full-scale invasion in 2022.
This deal could pave the way for more cooperation between Trump and Zelensky, with a financial deal giving the White House a reason to protect Ukraine if the war restarts after a ceasefire is signed.
According to the adviser to Ukraine’s Ministry of Strategic Industries Yuri Sak, a minerals deal was initially Ukraine’s proposal as part of a victory plan presented to its allies in 2024.
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