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US, Ukraine sign rare earth elements deal

Pact would also establish a fund for Ukraine, ensuring future US assistance

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(From left) US President Donald Trump and Ukrainian President Volodymyr Zelensky meet on the sidelines of Pope Francis’s funeral at St Peter’s Basilica at the Vatican on April 26. FILE PIC/AFP

(From left) US President Donald Trump and Ukrainian President Volodymyr Zelensky meet on the sidelines of Pope Francis’s funeral at St Peter’s Basilica at the Vatican on April 26. FILE PIC/AFP

After months of tense negotiations, the US and Ukraine signed a deal that will give Washington access to the country’s critical minerals and other natural resources, an agreement Kyiv hopes will secure long-term support for its defense against Russia. Ukrainian officials said, the deal signed on Wednesday is far more beneficial to Ukraine than previous versions, which they said reduced Kyiv to a junior partner and gave Washington unprecedented rights to the country’s resources.

The deal now needs to be ratified by the Ukrainian parliament. It would establish a reconstruction fund for Ukraine that the country hopes will be a vehicle to ensure future American military assistance. A previous agreement was nearly signed before being derailed in a tense Oval Office meeting involving US President Donald Trump, US Vice President J D Vance and Ukrainian President Volodymyr Zelensky.

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