Ukraine has agreed on the terms of a minerals deal with the United States and could sign the agreement this week, officials from both countries confirmed on Tuesday.
#### Joint Development of Mineral Wealth
Under the agreement, the United States will “jointly develop” Ukraine’s mineral wealth, with revenues directed to a newly created “joint fund for Ukraine and America,” a Ukrainian official told AFP. The draft of the deal includes a reference to “security,” but does not explicitly state the US’ commitments, which had been one of Ukraine’s prior demands for the agreement.
#### Statements from Officials
“There is a general clause that says America will invest in a stable and prosperous sovereign Ukraine, that it works for a lasting peace, and that America supports efforts to guarantee security. Now, the government is working on the details,” the official said. Ukrainian President Volodymyr Zelensky could sign the deal during a trip to Washington as early as Friday.
US President Donald Trump confirmed Zelensky’s visit and mentioned the significance of the deal. “I hear that. I hear that he’s coming on Friday. He would like to sign it together with me, and I understand that. It’s a big deal, a very big deal,” Trump told reporters at the White House.
#### Removal of Unfavorable Clauses
The Ukrainian official claimed that the US has removed all clauses that “do not suit” Ukraine, including the “$500 billion reference”. Zelensky had previously dismissed Trump’s demands for $500 billion worth of valuable minerals, a sum far above the official figure of $60 billion in military aid provided by the US since the ongoing war with Russia began in February 2022.
When asked what Ukraine would receive in return, Trump did not provide a direct answer and instead criticized the previous Joe Biden administration for “throwing money around like it’s cotton candy”.
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