Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Politics

US-Ukraine inching toward mineral deal amid last-minute roadblocks

by admin May 1, 2025
May 1, 2025
US-Ukraine inching toward mineral deal amid last-minute roadblocks

The United States and Ukraine are on the verge of signing a mineral deal after months of fraught and chaotic negotiations, although a last-minute snag still needs to be ironed out.

Ukraine’s prime minister said First Deputy Prime Minister Yulia Svyrydenko was flying to Washington on Wednesday to sign the deal, which is central to Kyiv’s efforts to mend ties with President Donald Trump and the White House as the U.S. president tries to secure a peace settlement in Russia’s war in Ukraine.

The latest version of the minerals agreement was reached after Kyiv secured a significant concession from the Trump administration that only future military aid would count as the US contribution to the deal, according to the Financial Times.

Trump had indicated in February that he wanted access to Ukraine’s rare earth materials as a condition for continued U.S. support in the war, describing it as reimbursement for the billions of dollars in aid the U.S. has given to Kyiv.

But a famous Oval Office spat with Ukrainian President Volodymr Zelenskyy set negotiations back. However, the pair met face-to-face in Rome on Saturday at the Pope’s funeral.

According to a draft of the new agreement seen by Reuters, the two countries would create a joint reconstruction fund funded by 50% of profits from Ukraine’s new mineral licenses.

The draft agreement gives the U.S. preferential access to new Ukrainian natural resources deals but does not automatically hand Washington a share of Ukraine’s mineral wealth or any of its gas infrastructure, the draft showed.

Ukraine would not be required to pay back previous aid provided to the war-torn country by the U.S., with only future aid being counted as America’s contribution to the fund.

‘Truly, this is a strategic deal for the creation of an investment partner fund,’ Shmyhal said on Ukrainian television. ‘This is truly an equal and good international deal on joint investment in the development and restoration of Ukraine between the governments of the United States and Ukraine.’

However, a snag arose as Svyrydenko’s plane headed to Washington, with U.S. officials reportedly demanding that Ukraine sign three documents at once—the framework, a detailed fund agreement and a technical document—which Ukraine says is not immediately possible due to required parliamentary ratification, according to the Financial Times citing three people briefed on the situation.

Treasury Secretary Scott Bessent’s team told her she should ‘be ready to sign all agreements, or go back home,’ the Financial Times reports, citing three people familiar with the matter.

The U.S. is seeking access to more than 20 raw materials deemed strategically critical to its interests, including some non-minerals such as oil and natural gas. Among them are Ukraine’s deposits of titanium, which is used for making aircraft wings and other aerospace manufacturing, and uranium, which is used for nuclear power, medical equipment and weapons. Ukraine also has lithium, graphite and manganese, which are used in electric vehicle batteries.

Unlike an earlier draft, the deal would not conflict with Ukraine’s path towards European Union membership — a key provision for Kyiv.

The two sides signed a memorandum, published on April 18, as an initial step towards clinching an accord on developing mineral resources in Ukraine. In the memorandum, they said they aimed to complete talks by April 26 and to sign the deal as soon as possible.

Reuters and The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

previous post
Border Patrol chief’s hearing begins with tiff over Dem’s allegations that spurred Noem letter
next post
US and Ukraine sign critical minerals deal after months of tense negotiations

Related Posts

Planned Parenthood appears to scrub Instagram as fears...

February 16, 2025

JD Vance honors his mother at White House...

April 8, 2025

Blue state AGs accuse Vance of spreading ‘dangerous...

February 15, 2025

Trump signs order instructing DOGE to massively cut...

February 12, 2025

Hegseth, Signal questions dog Waltz as potentially perilous...

May 3, 2025

Republican state AGs await Trump-brokered TikTok deal, remain...

January 28, 2025

Rubio doubts ‘anything productive’ will happen in Ukraine...

May 16, 2025

RFK Jr. to face key committee vote that...

February 4, 2025

Trump on verge of next Cabinet victory with...

February 12, 2025

Trump calls for Jordan, Egypt to accept more...

January 27, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved