Ukrainian President Volodymyr Zelenskyy rejected a proposal by the Trump administration that would grant the U.S. significant access to Ukraine’s rare earth minerals. The proposal, which would have given the U.S. 50% ownership of the minerals, was seen by Zelenskyy as lacking adequate security guarantees for Ukraine. Despite U.S. officials emphasizing the importance of economic ties for lasting peace, Zelenskyy declined to sign the draft agreement, saying he needed more time to study it and consult with others.
President Trump has expressed interest in obtaining $500 billion worth of Ukraine’s rare earth minerals, which are essential for the production of technology products. However, many of these minerals are located in areas controlled by Russian troops, complicating the situation. Ukrainian officials have indicated that Zelenskyy has supported the idea of exchanging critical resources for continued U.S. support, as part of the Victory Plan presented to Trump.
In an interview, Zelenskyy acknowledged Ukraine’s reliance on U.S. support for survival, but Trump has questioned the level of support provided to the country in the past. The disagreement highlights the complex dynamics between the two countries, with Ukraine balancing its economic interests with concerns about security and sovereignty.
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