Russia-Ukraine War

Trump Jr. Backs Russia, Ukraine Agrees to US-Managed Reconstruction Fund

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Trump's Son on Russia and Ukraine

Donald Trump's son, Donald Trump Jr., has expressed support for supplying weapons to Russia in the ongoing conflict with Ukraine. He argues that Russia is a powerful nuclear power with vast natural resources, making it a more valuable ally than Ukraine.

Trump Jr. also criticizes the Biden administration's decision to support Ukraine, arguing that the US should instead focus on strengthening its relationship with Russia.

Ukraine and the United States Sign Agreement on Subsoil

Ukraine and the US will jointly own and manage a fund for reconstruction projects.

Ukraine will retain ownership of its subsoil resources.

Ukraine will contribute 50% of future revenues from its natural resources to the fund.

The US will contribute funds, financial instruments, and other assets to the fund.

The fund will invest exclusively in projects to rebuild Ukraine.

The agreement aligns with Ukraine's European integration commitments.

Taiwan Resumes MH-60R Helicopter Acquisition Program

Taiwan has resumed its program to acquire MH-60R anti-submarine helicopters from the United States. This decision comes amid the country's president's pledge to increase defense spending to 3% of GDP.

The program was previously postponed due to Taiwan's shift in defense strategy, but it has been resumed due to pressure from the US and Taiwan's desire to deepen security cooperation.

EU and UK Discuss Military Spending Bank

The European Union and the United Kingdom are discussing the creation of a military spending bank to finance large-scale defense projects. This initiative is driven by the threat of losing US military support and the need to provide Ukraine with its own forces.

The bank or fund could be modeled after the European Bank for Reconstruction and Development (EBRD) and would aim to avoid increasing budget expenditures.

Russia Offers US Access to Rare Earth Metals in Ukraine

Russia has offered the US access to rare earth metals located in the occupied territories of Ukraine. This offer was reportedly discussed during a meeting in Saudi Arabia.

The US has not yet agreed to the offer, but it has not rejected it either.

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May 21, 2023 | 05:09