The United States and Ukraine are on the brink of finalizing a multi-billion-dollar mineral agreement, President Donald Trump revealed on Monday during a press briefing at the Oval Office after a bilateral meeting with French President Emmanuel Macron.
“It looks like we’re getting very close; the deal is being worked on,” Trump stated, expressing optimism about reaching a conclusive agreement soon. He emphasized that the deal would be “very beneficial” for Ukraine and hinted that the U.S. would recoup its $350 billion expenditure on Ukraine’s defense against Russia over time.
Ukrainian Deputy Prime Minister Olga Stefanishyna described the negotiations as “very constructive,” noting that nearly all key details have been finalized. “We hope both US and UA leaders might sign and endorse it in Washington as soon as possible to showcase our commitment for decades to come,” Stefanishyna shared on X (formerly Twitter).
The deal is set to grant the U.S. access to Ukraine’s vast mineral wealth, with the first draft proposing an equal split of up to $500 billion in profits. However, a second draft reportedly calls for Ukraine to cede revenues from its minerals, oil, gas, and port infrastructure to meet the $500 billion target.
If finalized, the agreement would mark a significant economic partnership between the two nations amid ongoing geopolitical tensions.
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