Ukraine agrees to minerals deal with US, Putin also proposes deal: Report

6 hrs ago

Cole Lauterbach Managing Editor

By Cole Lauterbach (Managing Editor)

Ukraine has agreed on a deal with President Donald Trump to give the U.S. some of the country’s mineral rights, as well as revenue from mineral sales. Trump proposed the deal as “payback” for aid received during Ukraine’s war with Russia.
Ukrainian President Volodymyr Zelenskyy initially rejected a $500 billion deal but later agreed to create a fund and dedicate half of its revenues from natural resources to the U.S., focusing on future economic development.
Russian President Vladimir Putin proposed a similar deal to grant the U.S. mineral rights in Russian-controlled territories of Ukraine.

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Ukraine has reportedly struck a deal with President Donald Trump over the U.S. securing an unknown quantity of mineral rights from the European country as “payback” for the hundreds of billions of dollars in aid it received amid the war with Russia.

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The New York Times reports that Ukrainian officials have agreed to turn some of the country’s mineral rights, as well as revenue from mineral sales, over to the U.S. Ukrainian President Volodymyr Zelenskyy has long pressed Trump for security assurances. However, the U.S. president has been skeptical of sending more aid overseas to assist Ukraine in its ongoing war against Russia.

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Speaking to reporters in the Oval Office Tuesday, Feb. 25, Trump said that “[former President Joe Biden] was throwing money around like it was cotton candy,” adding, “It could be a trillion-dollar deal.”

The Times reports Zelenskyy rejected an initial deal from the Trump administration that would have seen them give up mineral rights worth $500 billion.

A U.S. official told the Times that the Ukrainian president eventually agreed to create a fund and dedicate half of its revenues from the future monetization of natural resources, to which the U.S. would have “maximum financial interest” in the account and also pledge to fund Ukraine and its future economic development.

Meanwhile, NBC News reports that Russian President Vladimir Putin has proposed to Trump officials a similar deal that would grant the U.S. mineral rights in parts of Russian-controlled territories of Ukraine. The news outlet cites two U.S. officials who said Russia would give the Trump administration mineral rights in Donetsk and Zaporizhzhia –– two regions that Russia declared annexed in 2022.