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The United States and Ukraine have reportedly agreed on the terms of a draft minerals deal over natural resources and reconstruction, according to a Ukrainian official as Kyiv pushes to gain Washington’s support as American President Donald Trump is seeking to end the Russia-Ukraine war.
In an interaction with reporters, Trump said that Ukraine President Volodymyr Zelenskyy wants to visit Washington DC and sign a “very big deal” on Friday.
This comes after both the leaders exchanged hostile words online last week as US officials met their Russian counterparts in Saudi Arabia.
According to a source quoted by CNN, the terms of the mineral deal between US and Ukraine was agreed after “everything unacceptable was taken out of the text and it is now more clearly spelt out how this agreement will contribute to Ukraine’s security and peace.”
President Trump was asked by the reporters what would Ukraine get in exchange for the minerals deal, he responded saying “The right to fight on.”
Trump continued, “They’re very brave but without the United States and its money and its military equipment, this war would have been over in a very short period of time.”
Source: Ukrainian Geological Survey and Ministry of Environmental Protection and Natural Resources of Ukraine
What minerals does Ukraine have?
According to an estimate, world’s 5% critical raw materials are currently present in Ukraine.
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19 million tonnes of proven reserves of graphite are found in Ukraine which are used in making batteries for the electric vehicles.
Lithium deposits, one third of all of Europe’s, lie in Ukraine. Lithium is the main component in making batteries currently.
Ukraine also had 7% of world’s titanium production which is utilised in manufacturing aeroplanes to power stations. Though the data pertains to pre-Russian invasion of Ukraine (Feb 2021).
Ukraine is also the host of significant deposits of rare earth metals which are a group of 17 elements, reported BBC.
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