Russia-Ukraine War

Ukraine's Zelensky Set to Visit the U.S. Amid Landmark Mineral and Reconstruction Agreement

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Main image to the post Ukraine's Zelensky Set to Visit the U.S. Amid Landmark Mineral and Reconstruction Agreement

Ukraine’s President Volodymyr Zelensky is anticipated to travel to the United States in the near future as discussions have reached a crucial point in a deal involving natural resource access and reconstruction support for Ukraine. This agreement, which marks a significant step in the ongoing negotiations, could allow the U.S. to access some of Ukraine’s vital rare earth minerals while jointly setting up a framework for Ukraine’s post-conflict reconstruction.

Negotiations had been tense for days, with both sides making concessions, notably after removing several provisions that were previously deemed unacceptable. Ukrainian officials noted that the agreement now clearly outlines how it would contribute to Ukraine's overall security and stability, overcoming earlier disagreements, including a controversial U.S. demand for an extensive share of the country's mineral wealth—a proposal the Ukrainian leadership had initially turned down.

Under the terms of the deal, a Reconstruction Investment Fund is expected to be established to channel revenues from Ukraine’s natural resources such as minerals and hydrocarbons into ongoing redevelopment efforts. The arrangement stipulates that Ukraine will allocate a 50 percent share of revenue—net of operational costs—until contributions total a targeted $500 billion, with the United States committing to long-term financial support aimed at fostering a stable and prosperous Ukraine.

While the current draft excludes explicit security guarantees and mentions of continued weapon supplies, it emphasizes the U.S. desire for a Ukraine that remains free, sovereign, and secure. Discussions regarding future arms shipments are reportedly still in progress, and remarks from U.S. President Trump suggest optimism about the agreement’s broader implications, even as debates continue over the precise role of international peacekeeping and subsequent security measures.

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May 21, 2023 | 05:09