INTERNATIONAL – Ukraine and the United States have finalized a draft agreement granting the U.S. access to Ukraine’s rare earth minerals, a move aimed at bolstering Ukraine’s sovereignty amid ongoing tensions with Russia. Ukrainian President Volodymyr Zelensky is expected to visit Washington to sign the deal with President Donald Trump.
The agreement outlines joint development of Ukraine’s mineral resources, with revenues shared between both nations. Notably, it does not include U.S. security guarantees or commitments for continued military aid, focusing instead on economic collaboration. Discussions regarding future weapon supplies are ongoing. This partnership could unlock significant mineral wealth for the U.S., with plans to establish a Reconstruction Investment Fund. Ukraine’s contributions to this fund, derived from mineral revenues, aim to reach $500 billion. The deal is portrayed as a means for Ukraine to repay extensive U.S. aid received during its conflict with Russia.
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European allies have expressed concern that this agreement might signal U.S. concessions, potentially undermining European security. The deal emerged from discussions following an initial proposal by the U.S. Treasury Secretary earlier this month. Despite previous disagreements over resource sharing and security assurances, the current draft reflects a compromise acceptable to both parties. President Trump’s approach to the conflict has included direct negotiations with Russian President Vladimir Putin, leading to apprehension among European nations about potential shifts in U.S. foreign policy. The minerals deal is seen as a strategic move by Ukraine to strengthen its position in future negotiations with Moscow.
As the situation develops, further details are expected following the official signing of the agreement. This collaboration marks a significant step in U.S.-Ukraine relations, focusing on economic partnership amid ongoing geopolitical challenges.
