50°
The move is anticipated to strengthen diplomatic ties and pave the way for a long-term US security commitment amid Ukraine’s ongoing, three-year-old war with Russia.
It's also seen as a form of reimbursement for the hundreds of billions of dollars of assistance and weapons the United States has provided to Ukraine.
This significant development was initially reported by Ukrainska Pravda and the Financial Times late Tuesday afternoon, Feb. 25.
According to the reports, the deal encompasses the joint development of Ukraine’s mineral resources, including oil and gas.
It would establish a fund in which Ukraine will contribute 50 percent of future proceeds from state-owned mineral resources, investing in domestic projects, Ukrainska Pravda reported.
Notably, the US has relaxed its previous demand for a $500 billion share in potential revenue generated from these resources, marking a crucial concession.
While the deal does not explicitly include security guarantees, Ukrainian officials have highlighted that they have secured favorable terms that may enhance the nation’s strategic position.
Speaking to reporters on Monday, Feb. 24 while seated alongside French President Emmanuel Macron in the Oval Office, President Donald Trump was told by Treasure Secretary Scott Bessent that the US and Ukraine were "on the 1-yard line," in terms of reaching an agreement.
Trump then told reporters Ukrainian President Volodymyr Zelenskyy had told him that if a deal was reached, he would come to the White House to sign it.
Check back to Daily Voice for updates.
Click here to follow Daily Voice Wappingers Falls and receive free news updates.
