Ukrainian officials stated on Friday that the terms of a proposed mineral deal with the United States remain unsettled, following reports that Washington is seeking all of Ukraine’s natural resource income until wartime aid is repaid.
The latest U.S. proposal would require Kyiv to direct all profits from a state-controlled resources fund to Washington until Ukraine has repaid all American military and financial aid, including interest.
Ukrainian Deputy Prime Minister Yulia Svyrydenko emphasized that Kyiv would not issue an official stance until a consensus is reached, warning that public discussions could be counterproductive. Meanwhile, Mykhailo Podolyak, an official in President Volodymyr Zelenskyy’s office, confirmed that negotiations were still ongoing.
The Trump administration, which has shifted U.S. policy towards a more neutral stance on the war, has pushed Ukraine to sign a deal granting Washington a stake in its natural resources. While Zelenskyy has expressed openness to an agreement, he insists it must not undermine Ukraine’s economic stability.
Sources familiar with the talks say the latest U.S. draft offers no security guarantees and mandates that all state and private resource revenues be funneled into a joint investment fund. The U.S. would have priority in purchasing extracted resources and reclaiming aid funds, with a 4% annual interest charge, before Ukraine could access any profits.
Ukraine’s 2024 budget includes substantial revenues from state-owned resources, with $1.2 billion from subsurface rent payments, $1.8 billion in state dividends, and $19.4 billion from state enterprise profits. Under the proposed deal, these funds would be managed by the U.S. International Development Finance Corporation, with a board controlled by a U.S.-majority panel.
Previous versions of the deal were reportedly more favorable to Ukraine, originally proposing a 50-50 revenue split on future profits from state-owned resources. However, negotiations have taken a tougher turn following Zelenskyy’s White House visit in February, during which Trump criticized him and temporarily suspended intelligence and military aid.
Trump has positioned the mineral deal as a way for the U.S. to recover its financial investments in Ukraine while fostering a long-term economic partnership. Treasury Secretary Scott Bessent, who leads the negotiations, has indicated that Washington expects a signed agreement soon.
Meanwhile, Russian President Vladimir Putin has reiterated demands for Ukraine’s disarmament and government restructuring, claiming Moscow holds the “strategic initiative” in the war. He praised Trump’s approach and signaled openness to peace talks, provided Russia’s conditions are met.
The White House has not confirmed specific details of the mineral deal but maintains that it would strengthen Ukraine’s economic ties with the U.S. and support long-term stability.
The Democratic Party filed a lawsuit on Monday seeking to block President Donald Trump’s executive order aimed at overhauling the U.S. election system, arguing the changes could disenfranchise eligible voters.
Panama’s government announced on Monday it has extended by three days the safe passage allowance for former President Ricardo Martinelli to travel to Nicaragua, where he has been granted asylum.
Chinese Foreign Minister Wang Yi praised recent steps toward normalizing relations between Russia and the United States, describing the development as a positive move for global stability
Greenland's incoming Prime Minister Jens-Frederik Nielsen pledged on Monday to strengthen ties with Denmark while pursuing the Arctic island's ultimate goal of independence.
U.S. Secretary of State Marco Rubio announced on Monday that the United States has imposed additional visa restrictions on Chinese officials involved in policies that limit foreign access to Tibetan areas.
The Democratic Party filed a lawsuit on Monday seeking to block President Donald Trump’s executive order aimed at overhauling the U.S. election system, arguing the changes could disenfranchise eligible voters.
Panama’s government announced on Monday it has extended by three days the safe passage allowance for former President Ricardo Martinelli to travel to Nicaragua, where he has been granted asylum.
Chinese Foreign Minister Wang Yi praised recent steps toward normalizing relations between Russia and the United States, describing the development as a positive move for global stability
Greenland's incoming Prime Minister Jens-Frederik Nielsen pledged on Monday to strengthen ties with Denmark while pursuing the Arctic island's ultimate goal of independence.
U.S. Secretary of State Marco Rubio announced on Monday that the United States has imposed additional visa restrictions on Chinese officials involved in policies that limit foreign access to Tibetan areas.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing 2056 people and leaving 3,900 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Kremlin announced on Monday that it is working with the United States on potential peace efforts for Ukraine, despite President Donald Trump's recent outburst expressing frustration with Russian President Vladimir Putin.
China’s military announced on Tuesday that it has begun joint army, navy, and rocket force exercises around Taiwan, aimed at deterring what it described as Taiwanese independence efforts.
The Democratic Party filed a lawsuit on Monday seeking to block President Donald Trump’s executive order aimed at overhauling the U.S. election system, arguing the changes could disenfranchise eligible voters.
Panama’s government announced on Monday it has extended by three days the safe passage allowance for former President Ricardo Martinelli to travel to Nicaragua, where he has been granted asylum.
Chinese Foreign Minister Wang Yi praised recent steps toward normalizing relations between Russia and the United States, describing the development as a positive move for global stability
The Democratic Party filed a lawsuit on Monday seeking to block President Donald Trump’s executive order aimed at overhauling the U.S. election system, arguing the changes could disenfranchise eligible voters.
Panama’s government announced on Monday it has extended by three days the safe passage allowance for former President Ricardo Martinelli to travel to Nicaragua, where he has been granted asylum.
Chinese Foreign Minister Wang Yi praised recent steps toward normalizing relations between Russia and the United States, describing the development as a positive move for global stability
Greenland's incoming Prime Minister Jens-Frederik Nielsen pledged on Monday to strengthen ties with Denmark while pursuing the Arctic island's ultimate goal of independence.
U.S. Secretary of State Marco Rubio announced on Monday that the United States has imposed additional visa restrictions on Chinese officials involved in policies that limit foreign access to Tibetan areas.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment