Ukraine live: Ukrainian official says terms of minerals deal reached with US

Authored by bbc.co.uk and submitted by Formal_Leading_1536

Ukraine sees deal as a 'good outcome'

Ukrainian officials say that the new deal is much more favourable to the country, and Kyiv sees it “as a good outcome”.

According to media reports, the revised version of the document appears to have dropped the US demand to get $500bn (£395bn) in potential revenue from exploiting Ukrainian natural resources.

The US will not have full control of the fund that will be set up as part of this agreement, however the American side is expected to have a priority voice in making decisions.

Ukraine is expected to contribute 50% of revenues from its mineral resources, including oil and gas. The US will reportedly have financial commitments to support Ukraine, but that amount will be agreed later.

The new version, however, does not specify what security guarantees will be offered to Kyiv. Ukrainian officials hope that they can discuss this matter separately during a visit to Washington soon when this deal is expected to be signed.

Ashamed_Soil_7247 on February 25th, 2025 at 20:52 UTC »

Relevant: https://www.reddit.com/r/europe/comments/1iy2vo9/comment/mercq8v/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

Read the fine print :

>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.

So they've "signed" a deal, but now they will spend months discussing the fine details, and ultimately they will still walk away if the deal is not suitable, or if Europe offers them a better one.

They're being very smart, keeping the US onside, and playing for time.

Russia doesn't have time.

It's more complicated than that

https://www.bbc.com/news/live/c4gm41lq6rlt

Essentially we don't know. I wonder what the US can offer Ukraine, other than security guarantees which it took off the table, for Ukraine to accept this.

Personally it still feels like a shakedown, and I hope Ukraine rejects it

EDIT: Quote original comment, add my own opinion

Responsible_Tea4587 on February 25th, 2025 at 20:19 UTC »

Gun to the head diplomacy > debt trap diplomacy

BrownRepresent on February 25th, 2025 at 20:12 UTC »

I'm curious on how the logistics will look for this.

Do the minerals get processed in Ukraine itself or would they send it to Russia? Or ship it elsewhere?