Despite past setbacks, including the controversial Oval Office meeting, the new agreement signals a potential shift in Washington’s approach to the war in Ukraine.
President Zelenskyy insists on equal ownership of extraction revenues, and PM Shmyhal emphasizes constitutional compliance and EU commitment obligations.
The new deal requires Ukraine to repay all free US aid since 2022, plus pay 4% interest per year before it can access any profits. Zelenskyy says the terms keep changing.
US President Donald Trump announced that the US and Ukraine are nearing a significant agreement on mineral extraction and revenue sharing, while also discussing the potential involvement of American firms in owning Ukrainian power plants
The US President announced a "very big deal" giving US access to Ukraine's critical minerals through a joint investment fund, though Ukraine's leader Zelenskyy expressed caution.
European security guarantees could accompany a potential minerals agreement with Ukraine, distinguishing it from the American alternative while competition between the two powers could benefit Kyiv's negotiating position.
Ukraine's access to critical Starlink satellite internet services, which have been essential for military coordination and civilian needs since the beginning of Russia's all-out war, may be at risk as US negotiators suggest cutting off the service if Kyiv refuses to grant access to its strategically important mineral resources.