US-Ukraine Minerals Deal: What Ukraine gets (and doesn’t) in its deal with US?
Donald Trump in Washington this Friday to sign a long-negotiated minerals deal. The agreement would allow the United States access to Ukraine’s rare earth deposits, crucial for industries ranging from defence to green energy. But there’s a catch—despite months of talks, Kyiv has failed to secure firm US security guarantees in return.
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Trump, who has long demanded that allies pay their share for American protection, made his position clear. “We’ve given Ukraine between $300 billion and $350 billion in aid. It’s time we get that money back,” he said on Tuesday. The message is unambiguous: economic partnership, not unconditional support.
US-Ukraine Mineral Trade Deal: What Are the Terms?
Details of the deal have not been officially released, but Ukrainian Prime Minister Denys Shmyhal confirmed on Wednesday that a final version has been agreed. According to Shmyhal, a joint investment fund will be established for Ukraine’s reconstruction, managed equally by Kyiv and Washington. Half of Ukraine’s future mineral, oil, and gas revenues will flow into this fund, which will then be reinvested in Ukraine.
Zelensky acknowledged the fund’s existence but remained cautious, telling the BBC, “It’s too early to talk about money.” Meanwhile, reports suggest the US would own the maximum share permitted under its laws, though not necessarily the entire fund.
