Ukraine outlines US minerals deal, no concrete security guarantees

Ukraine outlines US minerals deal, no concrete security guarantees


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Ukraine on Wednesday said Washington would commit to supporting Kyiv’s efforts to obtain security guarantees under a finalized minerals deal the two nations have wrangled over for two weeks.

However, the Americans offered no security pledges of their own.

The deal is said to be at the heart of Kyiv’s push to win over President Donald Trump’s robust support as he strives to clinch a rapid end to the war with Russia—an outcome Ukraine’s supporters fear could come at the expense of its national interests.

Trump said on Tuesday that Ukrainian President Volodymyr Zelenskiy wanted to come to Washington on Friday to sign a “very big deal.”

Ukraine’s Prime Minister Denys Shmyhal said the government would authorize the agreed wording later on Wednesday so it could be signed, describing it as a preliminary agreement.

“After the Ukrainian president and the U.S. president agree on security guarantees, agree on how we tie this preliminary agreement to security guarantees from the United States for our country, in the presence of both presidents, a representative of the Ukrainian government will sign this preliminary agreement,” he said.

Shmyhal, outlining the agreement in televised comments, said Kyiv would contribute 50% of all proceeds received from the future monetization of all relevant state-owned natural resource assets and relevant infrastructure.

According to him, those proceeds would go into a fund under the joint control of the United States and Ukraine, adding that no decision about the governance of the fund could be taken without Kyiv’s agreement.





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