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The minerals Ukraine has that US is eyeing

Presidents Zelensky and Trump will meet in Washington on February 28, 2025, to sign minerals deal.

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by WILLIAM WANYOIKE

Infographics27 February 2025 - 14:00
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In Summary


    THE STAR INFOGRAPHIC



    Ukraine's President, Volodymyr Zelensky will meet US President Trump in Washington on Friday to sign an agreement that would give the US access to its deposits of rare earth minerals.

    Zelensky said he hoped the "preliminary" agreement with the US "will lead to further deals", but confirmed no American security guarantees have been agreed yet.

    Trump said a deal would help American taxpayers "get their money back" for aid sent to Ukraine throughout the war but said the responsibility of Kyiv's security should fall to Europe.

    What are the terms of the deal?


    Key details have not yet been made public, but on Wednesday Ukrainian Prime Minister Denys Shmyhal said Ukraine and the US had finalised a version of the agreement.

    Speaking to Ukrainian TV, Shmyhal said the preliminary agreement envisages that an "investment fund" would be set up for Ukraine's reconstruction.

    Kyiv and Washington would manage the fund on "equal terms", the prime minister added.

    He said Ukraine would contribute 50% of future proceeds from state-owned mineral resources, oil and gas to the fund, and the fund would then invest in projects in Ukraine itself.

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