Trump announced plans to sign a natural resources deal with Ukraine, granting the US partial control over future extraction revenues.
The agreement, which included sharing 50% of Ukraine’s resource revenues with a joint reconstruction fund, previously collapsed after a tense meeting between Trump and Zelenskiy.Trump’s administration is shifting focus from a minerals deal with Ukraine to a broader peace agreement with Russia, according to Press Secretary Karoline Leavitt.
While Ukraine lacks significant rare-earth reserves, it produces coal, iron ore, uranium, titanium, and magnesium, which could be economically beneficial for the US.Trump discussed the Ukraine agreement after invoking emergency powers to boost US production of critical minerals and coal, aiming to reduce reliance on imports.
He also signed an executive order to expand rare earth production and highlighted ongoing global agreements, with a focus on Ukraine.
