US intensifies pressure on Ukraine to sign minerals deal

IANS February 21, 2025 243 views

The United States is intensifying diplomatic pressure on Ukraine to sign a controversial minerals deal that would grant US interests a substantial 50% stake in Ukrainian resources. President Zelensky has firmly rejected the proposal, arguing that it goes beyond the scope of existing US aid packages totaling billions of dollars. Despite the tension, Zelensky remains open to negotiations that include robust security guarantees for Ukraine. The ongoing discussions highlight the complex geopolitical dynamics between Ukraine and its primary Western supporter.

"I can't sell our state" - Volodymyr Zelensky
Washington, Feb 21: US National Security Adviser Mike Waltz urged Ukrainian President Volodymyr Zelensky to "tone down" its stance and return negotiations over a minerals deal with the US.

Key Points

1

US seeks 50% share of Ukrainian natural resources

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Zelensky resists deal despite $67 billion in US military aid

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Negotiations continue with diplomatic tension

"They need to tone it down and take a hard look and sign that deal," Waltz told Fox News.

The proposed agreement, which reportedly demands a 50-per cent share of Ukrainian natural resources, was initially presented by US Treasury Secretary Scott Bessent at the Munich Security Conference, Xinhua news agency reported.

"You really need to sign this," Bessent reportedly told Zelensky during their meeting.

However, Kyiv has so far rejected the US proposal. "I can't sell our state," Zelensky said on Wednesday.

"In total, the United States separately gave us about $67 billion in weapons, and we received $31.5 billion in budget support," he said, adding: "But one cannot count up to $500 billion and say, 'give us back $500 billion in minerals,' that's not a serious discussion."

Despite this, the Ukrainian leader said Ukraine is grateful for the support and is open to discussing a deal that includes US security guarantees for his country.

Following a meeting in Kyiv with Keith Kellogg, the US special envoy for Ukraine and Russia, Zelensky described their talks as "productive" in a post on the social platform X on Thursday.

"Ukraine is ready for a strong, effective investment and security agreement with the President of the US. We have proposed the fastest and most constructive way to achieve results," he wrote.

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