Ukraine and U.S. Pursue Minerals Partnership

Ukraine and the U.S. are negotiating a memorandum on minerals, aiming for a deal that benefits both nations. President Zelenskiy anticipates signing soon. Former President Trump proposed the deal as partial repayment for the military aid given during Biden's tenure, seeking shared profits from Ukraine's resources.

The governments of Ukraine and the United States are on the brink of formalizing an agreement concerning the sharing of Ukraine's natural resources and critical minerals. Ukrainian President Volodymyr Zelenskiy indicated that a memorandum of intent might be signed as soon as Thursday between the two nations. This development comes amid ongoing negotiations over the terms of the minerals deal.

Central to the proposed agreement is the element of shared economic gains from Ukraine's natural resources. Former U.S. President Donald Trump previously articulated a vision for a deal that would grant the United States a stake in these profits, envisioning it as a form of compensation for the military assistance Washington provided to Ukraine during Joe Biden's presidency.

This potential deal underscores the strategic importance of critical minerals and natural resources in global diplomacy, while also highlighting shifts in U.S.-Ukrainian relations over successive administrations. Both countries seek to fortify economic ties through this evolving partnership.

(With inputs from agencies.)