Mineral Deal Between Trump and Zelenskyy
President Donald Trump and Ukrainian President Volodymyr Zelenskyy are set to sign a landmark mineral deal on Friday that represents a breakthrough in their relationship. The deal involves establishing a fund with joint U.S.-Ukraine ownership for future oil, gas, and mineral projects.
Key Points
- Newest version of the deal involves joint U.S.-Ukraine ownership
- Ukraine to funnel half of revenues from projects into the fund
- Negotiations to determine fund control and operation to follow signing
Pros
- Breakthrough in U.S.-Ukraine relationship
- Establishes a fund with joint ownership for future projects
Cons
- Lack of concrete financial details for U.S. benefit
- Long and arduous process of rare earth mining