Ukraine is poised to finalize an agreement granting the U.S. access to its rare minerals, aiming to secure ongoing American support amid its conflict with Russia. Ukrainian Economy Minister Yulia Svyrydenko is headed to Washington to help cement the deal, which is critical for future U.S. military aid, according to Prime Minister Denys Shmyhal. He emphasized that this strategic partnership will facilitate investment in Ukraine’s recovery and development.
The U.S. seeks access to over 20 critical raw materials from Ukraine, including titanium and uranium, vital for aerospace, nuclear power, and electric vehicle battery production. Previous talks stalled following a contentious meeting between the U.S. and Ukrainian leaders, leading to strained relations. Early drafts of the agreement reportedly favored American interests, prompting Ukraine to revise provisions to ensure a more balanced partnership.
The current version proposes a ten-year equal partnership, where cash contributions to a joint fund would be recognized, and only new U.S. military aid would count toward American contributions. Notably, this final draft would also not interfere with Ukraine’s aspirations for EU membership, a crucial factor for Kyiv. The Ukrainian Cabinet is expected to endorse the agreement text before it is signed in Washington, followed by ratification from the Ukrainian Parliament.
The negotiations occur alongside mounting challenges for peace efforts, with the Kremlin noting the complexity of reaching a swift resolution to the war. Meanwhile, Russian drone attacks continue to affect Ukrainian cities, with recent assaults resulting in civilian casualties, highlighting the ongoing humanitarian crisis as the U.S. pushes for momentum in peace talks.
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