Ukraine encounters more stringent conditions in new US minerals proposal – reports

The updated proposal from the Trump administration calls for increased regulation of Ukraine's mineral resources. Read Full Article at RT.com

Ukraine encounters more stringent conditions in new US minerals proposal – reports
Washington is reportedly pursuing complete ownership of a proposed $500 billion fund based on Ukraine’s natural resources.

The Trump administration has put forth a revised draft agreement demanding full US ownership of this anticipated fund. Despite containing many of the same provisions that Ukraine previously rejected, the new proposal appears to be more stringent, according to multiple media reports.

On Friday, the New York Times reported that Ukraine received the updated proposal, citing unnamed Ukrainian officials and a draft of the agreement. This new document stipulates that the US would have 100% ownership of the proposed fund, capturing all financial interest. Under this arrangement, Ukraine would be required to contribute half of its future mineral extraction revenues to the fund, along with earnings from ports and other infrastructure.

The draft outlines a definitive fund target of $500 billion, which was previously mentioned by US President Donald Trump, with the New York Times highlighting this specification. However, the new draft still fails to provide any concrete security guarantees for Ukraine, nor does it mandate the US to reinvest in Ukraine. It merely states that Washington could potentially reinvest a portion of the revenue into the country's reconstruction.

A separate report from the Ukrainian outlet NV corroborated the seemingly tougher proposal, speaking to five unnamed sources with direct knowledge of the draft. This report indicated that Ukraine would contribute two-thirds of the fund, while the US would provide the remaining third through prior military aid. Importantly, proceeds from ports were not mentioned in NV’s version, which contradicts the reporting from the New York Times.

In response to the revised proposal, the Ukrainian side has suggested reassessing the size of the fund, arguing that the $500 billion figure is excessive. Additionally, Ukraine has requested that the agreement include a clause ensuring that the funds collected would be allocated solely for investment in Ukraine.

During the Conservative Political Action Conference on Saturday, US President Donald Trump remarked that the deal was “pretty close” and expressed the need to finalize an agreement soon. He affirmed the goal of “getting our money back,” noting that Washington has been asking Kiev for “rare earth and oil – anything we can get.”

Sophie Wagner contributed to this report for TROIB News