Ukraine and the U.S. reached a framework agreement Tuesday on a minerals deal that grants the U.S. greater access to Ukraine’s vast mineral reserves, including rare earth elements like lithium and semiconductor-grade neon gas.
However, negotiations continued over whether these mineral revenues would repay past U.S. military and economic aid or only support future assistance. Security guarantees for Ukraine and the extent of U.S. decision-making power over resource management also remain unresolved.
One key part of the deal calls for a fund where Ukraine allocates half of the revenue from future state-owned resource projects—such as oil, gas, and infrastructure—for domestic development.
Ukrainian President Volodymyr Zelensky is expected to visit Washington soon to finalize and sign the agreement with President Trump.
