Ukraine and US agree to minerals deal, reports say

By Seb Starcevic | 02/25/2025 04:21 PM EST

The agreement could be signed by Kyiv and Washington as early as Friday, according to one report.

Ukraine President Volodymyr Zelensky speaks.

Ukrainian President Volodymyr Zelenskyy has so far refused to sign two draft agreements proposed by the Trump administration. Paula Bronstein/AFP via Getty Images

Ukraine and the United States have agreed on the terms of a minerals deal and could sign it this week, according to several media reports.

Ukrainian newspaper Economic Pravda cites a version of the deal dated Monday that would see Kyiv pay 50 percent of revenues from its state-owned natural resources into a fund that would invest in Ukraine.

The agreement lacks American security guarantees for Ukraine, which Kyiv was reportedly pushing for.

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But it also does not mention the $500 billion figure that U.S. President Donald Trump was demanding in compensation for Washington’s support for Kyiv in fending off Moscow’s invasion.

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