National security adviser Mike Waltz announced that Ukrainian President Zelenskyy is set to sign a minerals agreement with the US imminently. The deal aims to enhance American access to critical minerals in Ukraine, which are crucial for advanced technologies and military applications. This agreement is also positioned as a means for American taxpayers to recover investments in Ukraine, exceeding $175 billion in aid. The discussions follow public tensions between Zelenskyy and former President Trump, detailing implications for both the war effort and US economic interests.
President Zelenskyy is going to sign that deal, and you will see that in the very short term, Waltz said during remarks at the Conservative Political Action Conference (CPAC).
The proposed partnership would give the United States access to Ukraine's deposits of critical minerals including aluminum, gallium and tritium, Waltz said.
American taxpayers could recoup some of their investment in Ukraine's defense, with US aid to Ukraine having exceeded $175bn, according to Waltz.
Last week, the treasury secretary, Scott Bessent, presented Zelenskyy with the draft proposal for that plan, with Ukraine providing approximately $500bn worth of rare earth elements to the US.
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