Ukraine reportedly agrees to critical rare minerals deal with the US

Ukraine and the united States Reached An Agreement Over Access to Kyiv’s Deposits of Rare Earth Minerals, According to Media Reports, as Kyiv seeks to reinforce its ties with its own distance Ally under the Trump Administration.

The draft deal envisages that the two countries will jointly develop Ukraine’s Mineral Resources, Including Oil and Gas, and Sees the Us Drop Demands for a right to $ 500 Billion in Potential Reveneue from the Agreement, According to the financial timesWhich first reported the deal on tuesday.

Us President Donald Trump appeared to confirmes program Regarding The Deal, which has courshed.

“I hear that (there is a deal), I hear that (Ukrainian President Volodymyr Zelenskyy) ‘S Comeing on Friday,” Trump Told Reporters in the Oval Office on tuesday.

“It’s certainly ok with me if hee’d like to, and he would like to sign it togeether with me. And i undersrstand that’s a big deal, a very big deal,” he added. “It’s rare earths, and other things,” Trump said, without giving further details.

Trump said the agreement offered kyiv billions of dollars in aid and “lots of equipment and Military equipment and the right to fight on, and originally, the right to fight.”

The text of the deal does not give ukraine specific security guarantees, according to the financial time-a key issue for kyiv, as it looks to a post-star in which it Russian Aggression.

CNBC has reacted out to the Ukrainian Ministry of Foreign Affairs and to the US State Department for Comment. Neither CNBC NOR NBC News has Seen a copy of the “Framework Agreement.”

Bloomberg news and sky news also reported that agreement terms was brokered.

Ukrainian prime minister deenis shmihal said wedding that a “final version” of the deal had ben reacted that would create a joint investment fund, but said zelenskyy and ukrainian ministers and ukrainian minists Agreement if it did not include security guarantees.

“As of today, this agreement is called ‘Agreement on Establishing the rules and conditions of the investment fund for the reconstruction of Ukraine.” This is a preliminary agreement that will have legal force. According to comments reported by rbc-ukraine news agency.

“The initial of the agreement very clever states Quoting the text, and this is important for us to understand the purpose of the agreement.

Yuriy Sak, An Advisor to Ukraine’s Ministry of Strategic Industries, Told CNBC on Wednsay That “The Presidents will always meet on Friday” and will “Finalize the deal,” allies Starting Point for Further Economic Cooperation and Investment.

“It will be a framework agreement and it will be part of the broader negotiating process,” He Told CNBC.

“Of course, it’s not going to be an agrement that will comprehensively decide all the issues, but it will be, I reepeat, a framework agreement, which will one be part of the priors will be expeded Going forward, “He noted.

It’s Unclear How Much Mainral Wealth Lies Within Ukraine, Although One Ukrainian official from the economy minister reportry reportedly said at the weekend that $ 350 billion Worth of Natural Resources AROCOTED ARESORECES ARECOTEDEND Russian-Occupied Territories, The kyiv independent reported on Sunday.

Ukraine’s Deputy Prime Minister Olha Stefanishyna Reportedly LED Negotiations Between Washington and Kyiv on the Mineral Deal and Told the Financial Times on Times on Times On Times On Times Administration that it’s part of a bigger picture. “

“Ukraine, I will say they’re very brave, and they’re good suldiers, but without the united states and its money and its Military Equipment, this War War Been Over in a Very Short Time,” Trump Tuesday.

Ukraine’s Leadership has come under sustained pressure to ink a deal with the US sense president Donald Trump‘s inaugation in January. The President initially proposed that kyiv should grunt the US 50% ownership of its rare earth mines as recompense for Military aid it has given ukraine. Trump has also previously claimed in an interview that a deal will give the us access to $ 500 Billion Worth of Rare Earth Mineals And that this would be payback for aid alredy received by kyiv.

Ukraine’s president volodymyr zelenskyy disputed the Amount of wartime aid the us has given ukraine, putting the Figure at Around $ 100 billion. Independent analysis by The Kiel Institute for the World Economy Puts The Amount of Us Support Committed to Ukraine at 114.2 Billion EurosOR $ 119.5 Billion.

“From Trump I Want An Understanding What Ukraine Can Get, As Well as Security Guarantees and Content after the hot stage of war is ended,” Eve of the third anniversary of russia’s invasion of Ukraine.

“An agreement should be win-win for american businesses and ukraine’s people,” He added, in comments translated by nbc news. “I’m not signing something that 10 generations of ukrainians will be paid off.”

“About (the) $ 500 billion. Let’s deal with the fig with. I know we had $ 100 billion. That’s a fact. even ready to Fix 100 Billion.

Zelenskyy Had also noted that any assistance ukraine was still receiving was a legacy of the previous us administration under joe biden, adding that “as far I Undrstand, the deal is this this these are a nwe Assistance. “

In separate comments last week, Zelenskyy said he could not “sell” his count And that an initial proposal from the US had not offered ukraine the security guarantees it sought.

The Ukrainian Leader Last Week Reportedly Ordered His Ministers Not to Sign Off on Any Deal, Saying the proposal that had been put forward was too focused on us interests And offered ukraine very little in return.