Share and Follow
Ukrainian President Volodymyr Zelenskyy pored over a once-classified map of vast deposits of rare earths and other critical minerals as he discussed a push to appeal to Donald Trump’s penchant for a deal.
The US president, whose administration is pressing for a rapid end to Ukraine’s war with Russia, said on Monday he wanted Ukraine to supply the US with rare earths and other minerals in return for financially supporting its war effort.
“If we are talking about a deal, then let’s do a deal, we are only for it,” Zelenskyy said on Friday, emphasising Ukraine’s need for security guarantees from its allies as part of any settlement.
Ukraine floated the idea of opening its critical minerals to investment by allies last autumn, as it presented a “victory plan” that sought to put it in the strongest position for talks and force Moscow to the table.
Zelenskyy said less than 20 per cent of Ukraine’s mineral resources, including about half its rare earth deposits, were under Russian occupation.
Rare earths are important in the manufacture of high-performance magnets, electric motors and consumer electronics; Zelenskyy said Moscow could open those resources to its allies North Korea and Iran, both sworn US enemies.
“We need to stop Putin and protect what we have — a very rich Dnipro region, central Ukraine,” he said.
Russia’s unrelenting offensive, Zelenskyy’s gambit
Russian troops have been , throwing huge resources into an unrelenting offensive while Kyiv’s much smaller army grapples with a shortage of soldiers and frets over future weapons supplies from abroad.
Zelenskyy unfurled a map on a table in the heavily defended president’s office in Kyiv, showing numerous mineral deposits, including a broad strip of land in the east marked as containing rare earths. Around half of it looked to be on Russia’s side of the current frontlines.
He said Ukraine had Europe’s largest reserves of titanium, essential for the aviation and space industry, and uranium, used for nuclear energy and weapons.
Many of the titanium deposits were marked in northwestern Ukraine, far from the fighting.
Ukraine has rapidly re-tuned its foreign policy approach to align with the transactional worldview set out by the new occupant of the White House, Ukraine’s most important ally.
But Zelenskyy emphasised that Kyiv was not proposing “giving away” its resources, but offering a mutually beneficial partnership to develop them jointly: “The Americans helped the most, and therefore the Americans should earn the most. And they should have this priority, and they will. I would also like to talk about this with President Trump.”
He said Russia knew in detail where Ukraine’s critical resources were from Soviet-era geological surveys that had been taken back to Moscow when Kyiv gained independence in 1991.
In addition, Zelenskyy said Kyiv and the White House were discussing the idea of using Ukraine’s vast underground gas storage sites to store US liquefied natural gas.
“I know that the Trump administration is very interested in it … We’re ready and willing to have contracts for LNG supplies to Ukraine. And of course, we will be a hub for the whole of Europe,” he said.
Trump-Zelenskyy talks expected next week
The interview comes days before the February 14-16 Munich Security Conference, which Keith Kellogg, Trump’s special envoy for Russia and Ukraine, is expected to attend.
The Ukrainian leader said it was essential that he met Trump in person before the US president meets Russian President Vladimir Putin, “otherwise it will look like a dialogue about Ukraine without Ukraine”.
Trump said on Friday that he expected to talk to Zelenskyy next week.
Zelenskyy said his own priority would be raising Ukraine’s need for security guarantees as part of any deal, to prevent Russia launching another invasion in the future.
In general though, it was vital the West determined a broad strategy before entering into talks with Moscow.
Trump’s peace push comes as advancing Russian forces threaten the major Ukrainian logistics hub of Pokrovsk.
On the battlefield, Zelenskyy confirmed for the first time that his troops had launched a new offensive on Thursday, advancing 2.5 km further into Russia’s Kursk region.
Russia had reported a Ukrainian attack in the area that day, but said it was repelled.
