Ukraine has agreed to hand over some of its mineral revenue to the United States, according to officials from both nations. This development comes after persistent pressure from former President Trump. The specifics of what Ukraine will gain in return are still unclear. Ukrainian President Volodymyr Zelensky previously rejected a different version of the deal due to lack of solid U.S. security guarantees and overly demanding terms regarding mineral rights valued at a staggering $500 billion.
This latest agreement, however, has seen the removal of some tough conditions. U.S. officials shared that the latest draft of the deal was translated and sent to Ukraine for review. Once approved, it will be signed by the U.S. Treasury Secretary and Zelensky before Trump and Zelensky meet in Washington to finalize the agreement.
Under the terms of the new proposal, Ukraine will funnel half of its revenue from future natural resource monetization into a designated fund. This fund will be primarily controlled by the U.S., as permitted by law, while also allocating funds to reinvest back into Ukraine.
The evolving relationship between the U.S. and Ukraine is compounded by Trump's approach to international relations, particularly as he risks alienating traditional allies in favor of Russian ties. Additionally, legislative activities in the U.S. concerning budgeting and federal workforce reductions are shifting, as more than 700 National Park Service employees consider leaving their roles amid the changing political landscape.
This latest agreement, however, has seen the removal of some tough conditions. U.S. officials shared that the latest draft of the deal was translated and sent to Ukraine for review. Once approved, it will be signed by the U.S. Treasury Secretary and Zelensky before Trump and Zelensky meet in Washington to finalize the agreement.
Under the terms of the new proposal, Ukraine will funnel half of its revenue from future natural resource monetization into a designated fund. This fund will be primarily controlled by the U.S., as permitted by law, while also allocating funds to reinvest back into Ukraine.
The evolving relationship between the U.S. and Ukraine is compounded by Trump's approach to international relations, particularly as he risks alienating traditional allies in favor of Russian ties. Additionally, legislative activities in the U.S. concerning budgeting and federal workforce reductions are shifting, as more than 700 National Park Service employees consider leaving their roles amid the changing political landscape.
