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Ukraine reaches agreement with US on minerals deal
The Independent
|February 26, 2025
Kyiv’s U-turn comes after Trump dropped $500bn demand
The US and Ukraine have agreed to the terms of a rare earth minerals deal after days of tension between Donald Trump and Volodymyr Zelensky.
Kyiv is ready to sign the agreement on jointly developing Ukraine’s mineral deposits, including oil and gas, after the US dropped demands to the rights of up to $500bn (£395bn) in revenue from the resources, according to sources close to negotiations.
Mr Trump last week demanded preferential access to the $500bn figure as repayment for Washington’s military support for Ukraine under his predecessor Joe Biden.
Mr Zelensky rejected the proposal as “not serious”, saying there was no factual basis for claiming the US was owed that money, as well as the deal providing Ukraine with no security guarantees.
He also claimed Mr Trump was living in a “Russian disinformation bubble”, which was met with fury from the US president and senior White House officials.
Dit verhaal komt uit de February 26, 2025-editie van The Independent.
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