Experts say US access to Ukrainian resources remains years away due to security risks, damaged infrastructure, and a lack of modern geological surveys.
The newly signed US-Ukrainian mineral deal is drawing concern over a clause granting the US first rights to purchase or resell Ukrainian resources, potentially giving Washington significant control over Ukraine's critical minerals market and the ability to sell them even to Russia.
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.
Earlier, Ukrainian officials denounce a US minerals agreement as a potential economic trap, warning the proposal could dramatically reshape Ukraine's sovereignty.
A proposed US-Ukraine mineral agreement threatens to transform Ukraine's economic autonomy, potentially sacrificing national resources in exchange for military support under highly restrictive terms.
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.
The draft agreement, reviewed by the Financial Times, expands Washington’s demands for control over Ukraine’s lucrative natural resources, granting the US a veto over a proposed investment fund and prioritizing its financial interests.
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
Trump administration working to finalize Ukraine critical minerals agreement for announcement in Congressional address, even as military aid remains suspended following tense Oval Office clash.