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The Wall Street Publication > Blog > U.S > Zelenskyy: US provided nearly nothing for Ukraine’s minerals
U.S

Zelenskyy: US provided nearly nothing for Ukraine’s minerals

Last updated: February 16, 2025 7:00 am
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Zelenskyy: US provided nearly nothing for Ukraine’s minerals
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By Emma Burrows | Related Press

MUNICH, Germany — Ukrainian President Volodymyr Zelenskyy says he directed his ministers to not log out on a proposed settlement to provide america entry to Ukraine’s uncommon earth minerals as a result of the doc was too centered on U.S. pursuits.

The proposal, which was on the heart of Zelenskyy’s talks with U.S. Vice President JD Vance on the sidelines of the Munich Safety Convention on Friday, didn’t provide any particular safety ensures in return, in accordance with one present and one former senior official acquainted with the talks.

Zelenskyy’s choice to reject a deal, not less than for now, was described as “short-sighted” by a senior White Home official.

“I didn’t let the ministers sign a relevant agreement because in my view it is not ready to protect us, our interest,” Zelenskyy advised The Related Press on Saturday in Munich.

The proposal centered on how the U.S. may use Kyiv’s uncommon earth minerals “as compensation” for help already given to Ukraine by the Biden administration and as cost for future assist, present and former senior Ukrainian officers mentioned talking anonymously so they may converse freely.

Ukraine has huge reserves of crucial minerals that are utilized in aerospace, protection and nuclear industries. The Trump administration has indicated it’s serious about accessing them to cut back dependence on China however Zelenskyy mentioned any exploitation would have to be tied to safety ensures for Ukraine that may deter future Russian aggression.

“For me is very important the connection between some kind of security guarantees and some kind of investment,” the Ukrainian president mentioned.

Zelenskyy didn’t go into particulars about why he instructed his officers to not signal the doc which was given to Ukrainian officers on Wednesday by U.S. Treasury Secretary Scott Bassent on a go to to Kyiv.

“It’s a colonial agreement and Zelenskyy cannot sign it,” the previous senior official mentioned.

White Home Nationwide Safety Council spokesman Brian Hughes didn’t explicitly verify the provide, however mentioned in an announcement that “President Zelenskyy is being short-sighted about the excellent opportunity the Trump Administration has presented to Ukraine.” The Trump administration has grown weary of sending extra U.S. assist to Ukraine and Hughes mentioned a minerals deal would permit American taxpayers to “recoup” cash despatched to Kyiv whereas rising Ukraine’s financial system.

Hughes added that the White Home believes “binding economic ties with the United States will be the best guarantee against future aggression and an integral part of lasting peace.” He added, “The U.S. recognizes this, the Russians recognize this, and the Ukrainians must recognize this.”

U.S. officers in discussions with their Ukrainian counterparts in Munich have been commercially minded and largely focused on the specifics of exploring the minerals and how one can type a attainable partnership to do this with Ukraine, the senior official mentioned.

The potential worth of the deposits in Ukraine has not but been mentioned, with a lot unexplored or near the entrance line.

The U.S. proposal apparently didn’t take into consideration how the deposits could be secured within the occasion of continuous Russian aggression. The official recommended the U.S. didn’t have “ready answers,” to that query and that one among their takeaways from discussions in Munich can be how one can safe any mineral extraction operation in Ukraine involving individuals and infrastructure.

Any deal should be in accordance with Ukrainian regulation and acceptable to the Ukrainian individuals, the senior Ukrainian official mentioned.

“Subsoil belongs to Ukrainians under the Constitution,” Kseniiia Orynchak, founding father of the Nationwide Affiliation of Mining Trade of Ukraine beforehand advised the AP suggesting a deal would want in style help.

Zelenskyy and Vance didn’t talk about the small print of the U.S. doc throughout their assembly Friday on the Munich Safety Convention, the senior official mentioned. That assembly was “very good” and “substantive,” with Vance making it clear his and Trump’s fundamental objective was to attain a sturdy, lasting peace, the senior official mentioned.

Zelenskyy advised Vance that actual peace requires Ukraine to be in a “strong position” when beginning negotiations, burdened that the united statesnegotiators ought to come to Ukraine, and that the U.S., Ukraine and Europe should be on the negotiating desk for talks with Russia.

However Gen. Keith Kellogg, Trump’s particular envoy for Ukraine and Russia, all however minimize Europeans out of any Ukraine-Russia talks, regardless of Zelenskyy’s request.

“You can have the Ukrainians, the Russians, and clearly the Americans at the table talking,” Kellogg mentioned at an occasion hosted by a Ukrainian tycoon on the Munich Safety Convention. Pressed on whether or not that meant Europeans received’t be included, he mentioned: “I’m a school of realism. I think that’s not going to happen.”

Ukraine is now making ready a “counter proposal” which can be delivered to the U.S. in “the near future,” the official mentioned.

“I think it’s important that the vice president understood me that if we want to sign something, we have to understand that it will work,” Zelenskyy advised AP.

Meaning, he mentioned, “It will bring money and security.”

Related Press writers Aamer Madhani in Washington D.C., and Volodymyr Yurchuk and Susie Blann in Kyiv, Ukraine contributed.

TAGGED:mineralsofferedUkrainesZelenskyy
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