Ukrainian president Volodymyr Zelensky says further agreement on fund to follow
Ukrainian president Volodymyr Zelensky says further agreement on fund to follow
Ukraine says it has agreed to the terms of a “preliminary” deal that would give the US access to its deposits of rare earth minerals.
Zelensky and Trump
Ukrainian President Voldymyr Zelensky said he hoped the initial agreement with the US “will lead to further deals”, but confirmed no American security guarantees have been agreed yet.
US President Donald Trump said a deal would help American taxpayers “get their money back” for aid sent to Ukraine throughout the war and give Kyiv “the right to fight on” against Russia.
Per the BBC, the terms of deal are resources, oil and gas to the fund, and the fund would then invest in projects in Ukraine itself.
Zelensky has acknowledged the fund but told the BBC on Wednesday it was “too early to talk about money”.
The New York Times reported, citing a draft document, that the US would own the maximum amount of the fund allowed under US law, but not necessarily all of it. resources, oil and gas to the fund, and the fund would then invest in projects in Ukraine itself.
Zelensky has acknowledged the fund but told the BBC on Wednesday it was “too early to talk about money”.
The New York Times reported, citing a draft document, that the US would own the maximum amount of the fund allowed under US law, but not necessarily all of it.
The Ukraine has the following minerals though much of the land is contaminated by landmines, according to BBC.,
“Kyiv estimates that about 5% of the world’s “critical raw materials” are in Ukraine.This includes some 19m tons of proven reserves of graphite, which the Ukrainian Geological Survey state agency says makes the nation “one of the top five leading countries” for the supply of the mineral. Graphite is used to make batteries for electric vehicles. Ukraine also has significant deposits of titanium, lithium and rare earth metals – a produce weapons, wind turbines, electronics and other products vital in the modern world”.
Continued: BBC and AP and Independent
