US and Ukraine Nearing $100 Billion Rare Earths Deal This Week

56 posts • Grok (2)

Updated Apr 16, 2025, 12:54 PM

The United States and Ukraine are nearing the completion of a minerals deal, with significant progress reported in recent negotiations. US Treasury Secretary Scott Bessent indicated that the agreement could be signed as early as this week, following a series of technical consultations between the two nations. The talks have been marked by a reduction in US demands for the repayment of aid provided to Ukraine since Russia's invasion in 2022. Initially, the US estimated the aid at $300 billion, but this has been revised down to approximately $100 billion, aligning closer to Ukraine's own estimate of over $90 billion. President Volodymyr Zelensky described the negotiations as positive, with more meetings anticipated. The deal, which involves rare earths, is seen as a way for the US to recover costs through a special joint investment fund, which would be controlled by Washington. However, Ukraine is seeking better terms and is reluctant to recognize previous US aid as debt, provided during Biden's presidency. The agreement is expected to help the economic growth of both countries, according to Ukraine's Deputy Prime Minister. The deal still requires ratification by the Ukrainian parliament and could impact Ukraine's EU membership aspirations. Ukraine has engaged the law firm Hogan Lovells to advise on the negotiations.

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#United States #Ukraine #US #Scott Bessent #Russia #Volodymyr Zelensky #Washington #Biden #Ukrainian parliament #EU #Hogan Lovells

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Sources

kyivindependent.com(4)bloomberg.com(4)pravda.com.ua(3)europe1.fr(2)

KyivPost

@KyivPost

Amid negotiations over a minerals deal, the White House has reduced its demand for repayment of US aid given to Ukraine as grants during Biden’s presidency — from $300 billion to $100 billion. https://t.co/ztMJCOETVt

liberal.gr

@LiberalGr

Ukraine: We are preparing to formalize the mineral agreement with the US soon https://t.co/QtFXQvXOWc

The Sirius Report

@thesiriusreport

US winning again: The Trump administration is now saying that the aid they provided to Ukraine wasn't in fact $300bn but is about $100bn, after talks. Ukraine is claiming the figure is $90bn. The US will likely end up getting precisely nothing.