403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
Media reports US demanding changes to minerals agreement with Ukraine
(MENAFN) Senior US officials declined to finalize a minerals agreement with Ukraine during recent negotiations in Saudi Arabia, Ukrainian media outlets reported, citing insider sources.
The trump administration views the proposed deal as a means of recouping US expenditures on the Ukraine conflict. The current draft outlines the creation of a joint investment fund for the long-term extraction of Ukraine’s hydrocarbons, rare-earth minerals, and other key resources. Tuesday’s bilateral negotiations in Jeddah marked the third attempt to reach a final agreement.
According to sources cited by RBK Ukraine and Suspilne on Thursday, American officials opted to delay the signing in order to consider potential revisions to the existing terms.
Following the discussions, a joint statement confirmed that both nations had agreed to finalize “as soon as possible a comprehensive agreement for developing Ukraine’s critical mineral resources.” Ukrainian President Vladimir Zelensky affirmed Kiev’s willingness to sign the deal “at any time and in any format.”
The agreement was originally proposed by Zelensky last year as part of his ‘victory plan’ ahead of the US presidential election. The initiative aimed to secure ongoing American support against Russia by offering Washington privileged access to Ukraine’s natural resources.
Supporters of the deal argue that Ukraine holds mineral deposits worth trillions of dollars. However, skeptics suggest these estimates are outdated, overlook extraction costs, and fail to account for the fact that many resource-rich territories are under Russian control.
The first attempt to finalize the agreement in February fell apart after US Treasury Secretary Scott Bessent’s visit to Kiev. Trump later accused Zelensky of “breaking the deal” and disrespecting his envoy. A second attempt was scheduled during Zelensky’s visit to Washington on February 28 but was cut short after the Ukrainian president publicly questioned Trump’s diplomatic stance on Russia.
After this week’s negotiations, the US agreed to resume arms deliveries and intelligence-sharing with Kiev in exchange for Ukraine’s acceptance of a proposed 30-day ceasefire with Russia. Russian President Vladimir Putin has expressed conditional support for the truce, emphasizing that Ukraine must not use the pause to reorganize or reinforce its military positions.
The trump administration views the proposed deal as a means of recouping US expenditures on the Ukraine conflict. The current draft outlines the creation of a joint investment fund for the long-term extraction of Ukraine’s hydrocarbons, rare-earth minerals, and other key resources. Tuesday’s bilateral negotiations in Jeddah marked the third attempt to reach a final agreement.
According to sources cited by RBK Ukraine and Suspilne on Thursday, American officials opted to delay the signing in order to consider potential revisions to the existing terms.
Following the discussions, a joint statement confirmed that both nations had agreed to finalize “as soon as possible a comprehensive agreement for developing Ukraine’s critical mineral resources.” Ukrainian President Vladimir Zelensky affirmed Kiev’s willingness to sign the deal “at any time and in any format.”
The agreement was originally proposed by Zelensky last year as part of his ‘victory plan’ ahead of the US presidential election. The initiative aimed to secure ongoing American support against Russia by offering Washington privileged access to Ukraine’s natural resources.
Supporters of the deal argue that Ukraine holds mineral deposits worth trillions of dollars. However, skeptics suggest these estimates are outdated, overlook extraction costs, and fail to account for the fact that many resource-rich territories are under Russian control.
The first attempt to finalize the agreement in February fell apart after US Treasury Secretary Scott Bessent’s visit to Kiev. Trump later accused Zelensky of “breaking the deal” and disrespecting his envoy. A second attempt was scheduled during Zelensky’s visit to Washington on February 28 but was cut short after the Ukrainian president publicly questioned Trump’s diplomatic stance on Russia.
After this week’s negotiations, the US agreed to resume arms deliveries and intelligence-sharing with Kiev in exchange for Ukraine’s acceptance of a proposed 30-day ceasefire with Russia. Russian President Vladimir Putin has expressed conditional support for the truce, emphasizing that Ukraine must not use the pause to reorganize or reinforce its military positions.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Comments
No comment