Ukraine and the United States have reached a landmark agreement establishing a framework for a comprehensive economic partnership that includes access to Ukraine's valuable rare earth minerals. This pivotal deal, potentially worth up to a trillion dollars, promises joint ownership of a fund and a strategic alignment between the two nations. Presidents Volodymyr Zelenskyy and Donald Trump are scheduled to discuss the intricacies of the arrangement during an upcoming meeting, underscoring its significance.
The economic pact grants the United States access to Ukraine's rare earth minerals, a critical component in various high-tech industries. As part of the agreement, Ukraine will contribute 50% of future proceeds from state-owned resources, such as minerals, oil, and gas. In return, Kyiv has secured favorable amendments, resulting in improved investment terms over previous proposals. Ukrainian officials consider the agreement "positive," anticipating substantial economic benefits.
The deal also presents an opportunity for Zelenskyy and Trump to deliberate on continued military aid to Ukraine, a priority for Kyiv amid ongoing tensions. Despite some technical details yet to be resolved, the agreement could be finalized as early as Friday. Plans are underway for President Zelenskyy to travel to Washington to meet President Trump, highlighting the diplomatic importance of this economic collaboration.
"It's okay with me if he'd like to, and he would like to sign it together with me."
- Donald Trump
Joint ownership of the fund between the U.S. and Ukraine is a notable aspect of the deal, ensuring both nations benefit from the venture's success. Notably, the draft of the agreement omits a proposal to allocate $500 billion worth of profits from Ukraine's rare earth minerals exclusively to the United States.
"It could be whatever, but it’s rare earths and other things."
- Donald Trump
