Tuesday, 02 January 2024 12:17 GMT

National security consultant demands Ukraine pay US back


(MENAFN) US National Security Adviser Michael Waltz stated on Sunday that Washington expects Ukraine to repay the financial "investments" made in the conflict with Russia. He argued that reimbursing the American public would be the most effective way for Ukraine to secure continued support from the US in the future.

Waltz’s comments followed reports that Ukrainian President Volodymyr Zelensky had "politely declined" to sign an agreement that would have granted the US 50% of Ukraine’s future mineral reserves, as he sought a “better deal.” US President Donald trump had recently requested $500 billion worth of rare earth minerals from Ukraine in return for the estimated $300 billion worth of aid Washington has provided.

Waltz emphasized that the American people deserve to be reimbursed for their investment, saying that a partnership ensuring repayment would make Americans more comfortable with future investments. He suggested Zelensky would be wise to agree to the terms. However, Zelensky has previously expressed a desire for a mutually beneficial partnership, rather than simply handing over Ukraine’s natural resources. Ukraine’s Prime Minister, Denis Shmigal, has also proposed granting the EU access to its resources in exchange for reconstruction cooperation and investments.

Waltz also pointed out that the US had borne much of the burden in providing military and financial aid to Ukraine, with Congress approving roughly $175 billion since 2022. However, a substantial portion of that funding has gone to American industries and government activities related to the conflict.

Ukraine, with vast reserves of titanium, lithium, and other essential raw materials, has been recognized as a potential major supplier in industries such as defense and green energy. However, Zelensky has acknowledged that much of the country’s mineral-rich territories are now under Russian control, with the Donetsk and Luhansk regions, home to an estimated $7 trillion worth of minerals, having joined Russia in 2022.

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