Ukraine agrees minerals deal with US
www.ft.com
Kyiv hopes agreement on jointly exploring resources will improve relations with Trump administration

Kyiv has agreed terms with Washington on a minerals deal that Ukrainian officials hope will improve relations with the Trump administration and pave the way for a long-term US security commitment.

Ukrainian officials say Kyiv is now ready to sign the agreement on jointly developing its mineral resources, including oil and gas, after the US dropped demands for a right to $500bn in potential revenue from exploiting the resources.

The officials argued that they had negotiated far more favourable terms and depicted the deal as a way of broadening the relationship with the US to shore up Ukraine’s prospects after three years of war.

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  • PugJesus@lemmy.worldEnglish
    1·
    1 day ago

    Ukrainian officials say Kyiv is now ready to sign the agreement on jointly developing its mineral resources, including oil and gas, after the US dropped demands for a right to $500bn in potential revenue from exploiting the resources.

    … then what, exactly, remains in the deal?

    Ukrainian officials added that the deal was just a “framework agreement” and that no revenues would change hands until the fund was in place, allowing them time to iron out any potential disagreements. Among the outstanding issues is to agree the jurisdiction of the agreement.

    I can’t help but still feel this is a bad idea.

    • breakfastmtn@lemmy.caOPEnglish
      3·
      1 day ago

      I can’t help but still feel this is a bad idea.

      Totally. But Ukraine’s in an impossible situation. The US running a protection racket is fucking disgusting.

      • Madison420@lemmy.worldEnglish
        1·
        1 day ago

        A protection racket involves actual protection though, the USA has specifically said no security agreements will be made.

        I’m not sure wtf Ukraine is giving them rights for.

      • PugJesus@lemmy.worldEnglish
        0·
        1 day ago

        It is disgusting, but I also don’t see what Ukraine gets out of this. It’s not a protection racket if protection isn’t provided in exchange. I don’t know that I would even rightly call it extortion, since I don’t think Ukraine signing this will affect Trump’s behavior as a Putinist puppet.

        I hope the stress and necessity of looking after his own country during wartime, not to mention dozens of other national leaders, hasn’t led Zelensky or his team to underestimate just how ghoulish and empty Trump is, or how fucked US politics are at the moment, if they’re hoping for a “Come to Jesus” moment from the GOP or judiciary if Trump blatantly turns against Ukraine.

        • breakfastmtn@lemmy.caOPEnglish
          1·
          1 day ago

          I’m sure they know exactly who and what Trump is. I don’t think it’ll change Trump’s behaviour either. I’m assuming they’re just gambling against the odds that it will because the near future without the US is much harder for Ukraine than it is with them.