Ukrainian President Zelenskyy has rejected a proposal from the Trump administration that would grant the US access to Ukraine’s rare earth minerals, citing inadequate security guarantees. The draft agreement would have given the US 50% ownership of these resources, but Zelenskyy felt it did not sufficiently protect Ukraine’s interests. US officials believe the agreement would strengthen ties between the two countries and deter Russian aggression. Zelenskyy declined to sign the proposal during a meeting with Treasury Secretary Bessent, stating he needed more time to study and consult others. President Trump previously mentioned wanting $500 billion worth of Ukraine’s minerals, which are vital for technology production. Zelenskyy has expressed support for exchanging resources for continued US support, as part of his “Victory Plan” presented to Trump last fall. Despite acknowledging Ukraine’s dependence on US support for survival, Trump has been critical of the aid sent to the country, referring to Zelenskyy as a great salesman. The US has indicated a willingness to deploy troops to Ukraine to protect the minerals, contingent on reaching a deal with Russia to end the ongoing war. Zelenskyy’s decision reflects his priority of ensuring Ukraine’s security and sovereignty in dealing with international agreements.
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