Trump announces mineral-rights deal with Ukraine, promising future investment amid ongoing war and shifting U.S. support dynamics.
In Short
Ukraine has reached a mineral-rights agreement with the U.S., which Trump claims could be worth a trillion dollars, dropping prior revenue demands. Despite concerns over future debts and lack of security guarantees, the deal is seen as a way to improve U.S.-Ukraine relations amidst the ongoing war with Russia.
Ukraine has reached a mineral-rights agreement with the United States.
President Trump announced he will meet with Ukrainian President Volodymyr Zelensky on Friday.
Sources close to the negotiations indicate that the U.S. has dropped its demand for $500 billion in potential revenue from Ukraine’s mineral resources.
Trump described the deal as potentially worth a trillion dollars, amidst ongoing funding for Ukraine amidst the war with Russia.
Security guarantee
Zelensky has been seeking a direct meeting with Trump and had previously rejected a lower-level offer due to lack of security guarantees in the agreement.
The relationship between Washington and Kyiv deteriorated following Zelensky’s refusal to sign the initial proposal.
European officials expressed shock at the earlier U.S. demands, which exceeded contributions made to Ukraine since the invasion.
Ukraine possesses deposits of at least 20 minerals deemed critical by the U.S., which include essential resources.
