Zelenskyy refuses to sign Trump’s rare earths deal — but official says pact is close

By Veronika Melkozerova | 02/24/2025 12:00 PM EST

“Nearly all key details finalized,” said the Ukrainian deputy prime minister about the controversial minerals agreement.

Ukrainian President Volodymyr Zelensky arrives at the 61st Munich Security Conference.

The deal involves the U.S. gaining preferential access to hundreds of billions of dollars' worth of Ukraine's critical minerals. Sean Gallup/AFP via Getty Images

KYIV — Kyiv is still refusing to sign a critical minerals deal with U.S. President Donald Trump, arguing that the terms proposed by America will punitively hit generations of Ukrainians.

“I will not sign what 10 generations of Ukrainians will have to pay back,” said President Volodymyr Zelenskyy at a press conference Sunday.

The deal involves the U.S. gaining preferential access to hundreds of billions of dollars’ worth of Ukraine’s critical minerals, which the Trump administration is demanding as payback for already-provided aid, while offering no clear security guarantees or prospects of future aid for Kyiv in return.

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On Monday, a senior Ukrainian official said that the contours of a deal were coming into view.

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