Ukraine will send a team to the US to negotiate a new minerals agreement this week

Mining operations. Photo: Associated Pres

This week, a Ukrainian team will travel to Washington to negotiate a deal that could give the US access to valuable mineral resources.

This was reported by Associated Pres with reference to the Minister of Economy Yulia Svyrydenko.

It is noted that the draft agreement provides for the creation of a fund for joint investments. The delegation will include representatives of key ministries.

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As a reminder, the framework agreement was not signed in February due to a dispute between the US and Ukrainian presidents, and the new project, which includes gas, oil, and strategically important minerals, has drawn criticism in Ukraine.

Ukraine-US minerals agreement

Earlier, Donald Trump said that he would like to conclude a deal under which Ukraine would supply the US with rare earth minerals needed for electronics production in exchange for US aid.

However, German Chancellor Olaf Scholz criticised Donald Trump's proposal to provide Ukraine with military assistance in exchange for its minerals.

Subsequently, US President Donald Trump said that Ukraine had agreed to provide Washington with access to rare earth minerals worth $500 billion.

It should be noted, however, that Ukrainian President Volodymyr Zelenskyy refused to sign the agreement on granting the US access to rare earth minerals. The White House called this decision «short-sighted».

Volodymyr Zelenskyy said that the United States might consider investing in mining on the Black Sea shelf, which is currently under Russian occupation.

US National Security Advisor Mike Volz called on Kyiv «to tone it down» and sign the mining agreement that President Zelenskyy had previously rejected.

Subsequently, the US President Donald Trump's administration sent Ukraine an updated version of the mining agreement, which took into account some of Kyiv's comments. The new draft US minerals agreement provides for the distribution of revenues from resources in the liberated territories of Ukraine.