Kyiv has reached an agreement with the Trump White House on a deal to jointly develop Ukraine’s mineral resources, including oil and gas, which Ukrainian officials believe will strengthen ties with the Trump administration and pave the way for a long-term US security commitment, according to the Financial Times.
Ukrainian officials confirmed that the deal is now ready for signing after the US dropped its previous demand for a right to $500 billion in potential revenue from the exploitation of these resources. While the agreement does not include explicit security guarantees, Ukrainian officials argued that the terms negotiated are far more favorable than earlier proposals.
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“The minerals agreement is only part of the picture. We have heard multiple times from the US administration that it’s part of a bigger picture,” Olha Stefanishyna, Ukraine’s deputy prime minister and justice minister who led negotiations, told the Financial Times.
This version of the deal marks a huge step in the relationship between Ukraine and the United States, as the Eastern European is now offering a greater say in how its minersl wealth is managed. Ukrainian officials view it as a vital step toward solidifying their ties with the US and ensuring a long-term post-war recovery plan. The fund created by the agreement is expected to boost Ukraine’s economy and infrastructure by reinvesting the proceeds from mineral resources back into the country, allowing Kyiv to further modernize its industries.
The lack of explicit security guarantees, which had been a key Ukrainian demand, remains a major issue for the Ukrainian side. […]
— Read More: humanevents.com
