The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

World

Zelensky calls US-Ukraine minerals deal a ‘framework’ as it emerges agreement has no security guarantees

by February 26, 2025
February 26, 2025
Zelensky calls US-Ukraine minerals deal a ‘framework’ as it emerges agreement has no security guarantees

With Trump bent on bringing Russia’s war to a swift end and recouping some of Washington’s financial aid to Kyiv, Zelensky is hoping that the natural resources deal can secure the US president’s future support, as well as security guarantees for Ukraine.

At a press conference in Kyiv, Zelensky conceded that the deal does not have “concrete steps on security guarantees” because these need to be decided jointly with the US and Europe.

Under the deal, which has spaces for the signatures of US Treasury Secretary Scott Bessent and Ukraine’s Foreign Minister Andrii Sybiha, Ukraine will contribute to the fund 50% of all revenues earned from the future monetization of state-owned natural resources assets, including hydrocarbons, oil and natural gas, as well as rare earth minerals.

Ukraine ‘grateful’ for US support

Zelensky also said in the press conference that Ukraine will not repay money given to it by the US as part of the natural resources deal.

“I will not accept [even] 10 cents of debt repayment in this deal. Otherwise, it will be a precedent,” he said Wednesday.

Trump had said over the weekend that he is “trying to get the money back” that the Biden administration had given to Ukraine to help it repel Russia’s invasion. Trump falsely claimed that the US has given Ukraine $350 billion since February 2022. The actual figure is around $120 billion, according to the Kiel Institute for the World Economy.

Trump also falsely claimed that Europe’s support for Ukraine was “in the form of a loan.”

“They get their money back. We gave it in the form of nothing. So I want them to give us something for all of the money that we’ve put up,” Trump said, saying the US had been made to feel “stupid.”

When Trump repeated this claim during talks with Emmanuel Macron on Monday, the French president grabbed Trump’s arm to correct him.

“No, in fact, to be frank, we paid. We paid 60% of the total effort. It was like the US: loans, guarantees, grants,” Macron said.

Speaking Wednesday, Zelensky said Ukraine remained “grateful” for US support, but that he will be “very direct” and ask Trump “if the United States will stop support [for Ukraine] or not.”

If the US does not provide more aid, Zelensky said Ukraine could “buy weapons directly” from the US, suggesting that frozen Russian assets – amounting to some $300 billion – could be used to fund the purchases.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak
next post
FBI investigating claims of Comey-era ‘honeypot’ operation against Trump 2016 campaign: report

You may also like

Trapped and left for dead, injured Ukrainian soldiers in...

Mexico’s next president will be a woman. But...

Jessica Pegula shocks world No.1 Iga Świątek despite...

Hamas executes Palestinians for looting as desperation grows...

Migrant workers in Canada exposed to ‘shocking abuse...

Mexico announces arrests of alleged high ranking Sinaloa...

Anger boils over for some amid record floods...

Who was he? How did he get there?...

The US wants this to be ‘the end’...

Hundreds of unknown species were discovered around the...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Michelle Obama facing backlash over claim about women’s reproductive health

    • Hamas agrees to release 10 more hostages

    • ROBERT MAGINNIS: 9 signs Beijing’s Taiwan invasion may be imminent

    • Hamas responds to US plan for Gaza ceasefire, says proposal aimed at ‘permanent ceasefire’

    • Nearly 80 aid trucks carrying food ransacked in Gaza Saturday, says WFP as famine worsens

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,840)
    • World (6,355)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top