Ukraine is poised to finalize an agreement granting the U.S. access to its rare minerals, which could secure ongoing American support amid its protracted conflict with Russia. Ukrainian Economy Minister Yulia Svyrydenko is traveling to Washington to help complete the deal, deemed vital for maintaining future U.S. military aid. Prime Minister Denys Shmyhal described the arrangement as a strategic partnership for creating a joint investment fund, emphasizing a fair and equal collaboration between the two nations.
President Donald Trump previously linked continued U.S. support to access to Ukraine’s rare earth resources, which include titanium, uranium, lithium, graphite, and manganese—materials critical for various industries, including aerospace and electric vehicle manufacturing. However, negotiations faced setbacks after a contentious meeting between U.S. and Ukrainian leaders, raising tensions in their relationship.
The latest draft of the agreement includes provisions addressing Ukrainian concerns about prior U.S. aid being counted as part of their share in the investment fund. It proposes a 10-year partnership where the U.S. will contribute only new military aid, ensuring fairer terms for Ukraine. Additionally, the deal has been adjusted not to conflict with Ukraine’s ambition for European Union membership.
Before it can be signed, the Ukrainian Cabinet needs to approve the agreement, after which it must be ratified by the Ukrainian Parliament to take effect. These negotiations occur against a backdrop of challenging peace efforts and escalating violence, highlighted by a recent Russian drone attack on Kharkiv that injured 45 civilians. The complexities of reaching a resolution to the conflict remain stark, as highlighted by comments from a senior Kremlin official.
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