Zelensky refuses to cede 50% of Ukraine's mineral resources to the US.
Trump, who has not committed to maintaining military aid to Ukraine, stated that he wants $500 billion worth of rare earth minerals from Kyiv.
247 - Ukrainian President Volodymyr Zelensky has rejected an offer from the United States to grant Washington rights to 50% of the country's future mineral resources, according to journalist Josh Rogin of [source name missing]. Washington Post, this Friday (14).
According to Rogin, a delegation from the US Congress, present at the Munich Security Conference, presented Zelensky with a document that would give the United States rights to half of Ukraine's future mineral reserves. The delegation wanted the Ukrainian president to sign the agreement, but he reportedly refused to do so.
On February 3rd, US President Donald Trump declared that Washington expected Ukraine to grant access to its rare metals in exchange for financial and military assistance. The following day, the Financial Times According to a source close to Zelensky, Kiev was considering transferring rare minerals to the US in exchange for aid.
The minerals in question would include many varieties of rare earth elements, as well as titanium, uranium, and lithium, among others.
Trump, who has not committed to maintaining military aid to Ukraine, stated that he wants $500 billion worth of rare earth minerals from Kiev and that Washington's support needs to be "secured."
The 61st Munich Security Conference (MSC) opened this Friday in the German city and will continue until February 16.
The event will focus on global security challenges, including global governance, democratic resilience, climate security, as well as the state of the international order, regional conflicts, and crises. On the final day of the conference, discussions will turn to Europe's role on the world stage.
This year, more than 60 world leaders and decision-makers will participate in the main global security policy forum. (With agencies).
