Ukraine Rejects U.S. Demand for Half of Its Mineral Resources
Published On Feb 15, 2025, 8:07 PM
President Zelensky of Ukraine has rejected a proposal from the Trump administration that would have seen Ukraine relinquishing half of its mineral resources, including vital minerals like lithium and uranium, in exchange for U.S. support. Zelensky cited the absence of security guarantees in the deal as a reason for his rejection. The ongoing negotiations highlight the growing tensions between Ukraine and the U.S. regarding support for Ukraine amid the ongoing war with Russia.
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The situation indicates a souring relationship between the U.S. and Ukraine over terms of aid and support. This tension could affect companies that have interests in Ukrainian resources or are involved in mineral extraction, particularly for critical minerals needed for industries such as electric vehicles and batteries.
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