Negotiations between the United States and Ukraine are close to reaching a deal that would give the US access to Ukraine’s critical and rare-earth minerals. The reported agreement involves concessions on both sides, with Ukraine seeking security guarantees to defeat Russian forces and the US desiring potential revenue from Kyiv’s deposits. Ukrainian President Volodymyr Zelenskyy’s office has not confirmed the news, but signs of a settlement have emerged after a week of strained relations between the two countries.
Recent tensions were sparked by President Donald Trump suggesting using Ukraine’s mineral wealth to repay the US for military aid, which was rejected by Zelenskyy. Trump has criticized the aid given to Ukraine and suggested that European powers should cover these costs. The US administration believes a peace deal with Russia could be achieved within 30-60 days, but details on American military support in the agreement remain unclear.
Ukraine has been open to giving the US access to its critical and rare-earth elements in exchange for continued military aid. In a similar move, Russia proposed a deal where the US would gain ownership of valuable minerals in parts of Ukraine controlled by the Russian military. The negotiations reflect the complex power dynamics in the region and the importance of critical minerals in various industries.
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