Ukraine says it hopes to sign U.S. minerals deal within 24 hours
Share and Follow

Ukraine is ready to sign an agreement that would give the U.S. access to its valuable rare minerals in the hopes of ensuring continued American support for Kyiv in its grinding war with Russia, senior Ukrainian officials said Wednesday.

Ukraine’s economy minister, Yulia Svyrydenko, was headed to Washington on Wednesday to help finalize the deal, the country’s prime minister said live on air during a national telethon.

For Ukraine, the agreement is seen as key to ensuring its access to future U.S. military aid.

“Truly, this is a strategic deal for the creation of an investment partner fund,” Ukrainian Prime Minister Denys 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.”

Ukrainian President Zelensky is set to sign a mineral export agreement with the U.S., though he noted that the deal lacks "concrete steps on security guarantees."
Earth and minerals are loaded onto trucks at an open-pit mine near the frontline in Donetsk, Ukraine in February. Pierre Crom / Getty Images

U.S. President Donald Trump 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 talks stalled after a tense Oval Office meeting between U.S. and Ukrainian leaders, and reaching an agreement since then has proven difficult and strained relations between Washington and Kyiv.

It wasn’t immediately clear if the Trump administration was also ready to finalize the deal Wednesday.

The U.S. is seeking access to more than 20 raw materials deemed strategically critical to its interests, including 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 to make electric vehicle batteries.

After Kyiv felt the initial U.S. draft of the deal disproportionately favored American interests, it introduced new provisions aimed at addressing those concerns.

According to Shmyhal, the latest version would establish an equal partnership between the two countries and last for 10 years. Financial contributions to a joint fund would be made in cash, and only new U.S. military aid would count toward the American share. Assistance provided before the agreement was signed would not be counted. Unlike an earlier draft, the deal would not conflict with Ukraine’s path toward European Union membership — a key provision for Kyiv.

The Ukrainian Cabinet was expected to approve the agreement’s text before it could be signed in Washington. The deal would then need to be ratified by the Ukrainian Parliament before it could take effect.

The negotiations come amid rocky progress in Washington’s push to stop the war.

In Moscow, a senior Kremlin official said Wednesday that clinching a deal to end the war “is far too complex to be done quickly,” as the U.S. labors to bring momentum to peace efforts and expresses frustration over the slow progress.

Meanwhile, a nighttime Russian drone attack on Ukraine’s second-largest city of Kharkiv wounded at least 45 civilians, officials said. The United Nations reported that the number of Ukrainian civilian casualties has surged in recent weeks.

Share and Follow
You May Also Like
FBI takes 4 illegal immigrants in Portland into custody after lasers aimed at CBP aircraft

FBI takes 4 illegal immigrants in Portland into custody after lasers aimed at CBP aircraft

NEWYou can now listen to Fox News articles! An FBI raid of…
Adorable little girl gunned down as cops finally make arrests

Tragic Incident: Young Girl Fatally Shot as Police Arrest Suspects

A second suspect has been detained regarding the tragic murder of a…
Iowa school superintendent arrested by ICE, facing prior weapons charges, allegedly found with loaded handgun

Iowa school superintendent resigns after ICE arrest rocks Des Moines district

NEWYou can now listen to Fox News articles! The Iowa school superintendent…
Schumer: Trump, GOP leaders are 'divided' over health insurance subsidies in funding bill

Schumer Claims Trump and GOP Leaders Clash Over Health Insurance Subsidies in Funding Bill

Senate Democratic Leader Chuck Schumer (N.Y.) said a rift is emerging between…
Trump, Hegseth address Military Leaders at Virginia Base

Trump and Hegseth Speak to Military Officials at Virginia Facility

Hegseth’s address largely focused on his own long-used talking points that painted…
All the signs leading up to Nicole Kidman and Keith Urban's split

Signs Suggesting Nicole Kidman and Keith Urban’s Potential Breakup

Nicole Kidman and Keith Urban’s split after almost two decades of marriage…
NASA whistleblowers claim astronauts could die in horrific tragedy

NASA Insiders Warn of Potential Astronaut Disaster

NASA whistleblowers have issued a grave warning, foreseeing an astronaut potentially facing…
Moment Keith Urban exploded at radio station over Nicole Kidman

Keith Urban’s Fiery Reaction at Radio Station Regarding Nicole Kidman

Signs of strain in the marriage between Keith Urban and Nicole Kidman were…