KYIV, UKRAINE — In a significant development, Ukraine and the United States have finalized a framework for a broad economic deal that includes access to Ukraine’s rare earth minerals. The deal is set to be signed on Friday, with plans in place for Ukrainian President Volodymyr Zelenskyy to travel to Washington to meet with President Donald Trump.
The officials, who spoke on condition of anonymity, stated that the deal would ensure the continued flow of crucial military support for Ukraine, which it urgently needs. This progress in negotiations between the two countries comes after a brief period of sharp rhetoric between Trump and Zelenskyy.
President Trump, speaking to reporters in the Oval Office, expressed his willingness to sign the deal with Zelenskyy by his side. He also mentioned that the deal could be worth up to a trillion dollars, stating, “It could be whatever, but it’s rare earths and other things.” This further emphasizes the economic benefits for both countries.
One official revealed that some technical details are still being worked out, but overall, the deal ensures joint ownership of a fund, with Ukraine contributing 50% of future proceeds from state-owned resources. This includes minerals, oil, and gas, providing Ukraine with a substantial source of income.
While the deal does not include security guarantees, it is expected to be discussed between the two presidents when they meet. This shows that both sides are open to discussing and finding common ground on sensitive issues.
The agreement has been a top priority for the Ukrainian government, as it aims to strengthen Kyiv’s position in future negotiations with Moscow. It also secures better terms of investments for Ukraine, setting a positive precedent for future economic deals between the two countries.
Initially proposed by President Zelenskyy last fall, the deal has faced some hurdles due to disagreements over certain terms, including the controversial proposal for the US to receive $500 billion worth of profits from Ukraine’s rare earth minerals as compensation for its wartime assistance to Kyiv. However, with both sides now reaching a mutually beneficial agreement, the focus can shift towards strengthening the economic ties between the two countries.
The progress made in the talks can be attributed to the efforts of retired Lieutenant General Keith Kellogg, Trump’s special envoy to Ukraine and Russia, who visited Ukraine last week. This further highlights the commitment and determination of both countries to reach a positive outcome.
The deal also sets a positive tone for future relations between Ukraine and the US, as it showcases the willingness of both sides to work together towards a common goal. The agreement also sends a strong message to the world that Ukraine is open for business and is a reliable partner for economic cooperation.
With this agreement in place, Ukraine and the US can pave the way for stronger economic ties and mutual benefits. It sets the foundation for a long-lasting partnership that can benefit both countries in terms of economic growth and stability.
In conclusion, the economic deal between Ukraine and the US is a significant step towards strengthening the relationship between the two countries. It not only provides Ukraine with access to rare earth minerals, but it also secures better terms of investments and sets a positive precedent for future economic agreements. This deal is a testament to the commitment of both countries to work towards a mutually beneficial outcome and is a significant milestone in their economic partnership.
