Kyiv: Ukraine and the United States are close to finalizing a critical minerals deal, according to Ukraine’s Deputy Prime Minister, Olha Stefanishyna. The agreement, which has been under negotiation for months, is expected to strengthen economic and defense ties between the two nations.
Final Stages of Negotiations
Stefanishyna confirmed that discussions have been constructive, with most key aspects already settled. “We are committed to completing this swiftly and proceeding with its signature,” she said in a social media post. She also expressed hope that leaders from both countries would sign the agreement in Washington soon, reinforcing their long-term commitment.
Zelensky’s Initial Rejection
Earlier this month, Ukrainian President Volodymyr Zelensky rejected a proposed minerals deal that linked US access to Ukraine’s mineral resources with increased American military support. His decision prompted further negotiations to refine the terms and ensure Ukraine’s interests were fully protected.
Strategic Importance of the Deal
Ukraine is rich in critical minerals, including lithium, titanium, and rare earth elements. These materials are essential for high-tech industries, including defense, electronics, and renewable energy. The US has been looking to diversify its mineral supply chains, reducing reliance on China. A deal with Ukraine could be a significant step in that direction.
Boris Johnson’s Endorsement
Former UK Prime Minister Boris Johnson has weighed in on the discussions, calling the deal “promising” for Ukraine. He believes it could enhance Ukraine’s economic resilience while strengthening Western support amid ongoing geopolitical tensions.
What Comes Next?
If finalized, the agreement could mark a milestone in US-Ukraine relations. The deal would not only boost Ukraine’s economy but also provide the US with a stable source of critical minerals. Both governments are aiming to secure the deal as soon as possible, with an official signing potentially taking place in Washington.
With negotiations nearly complete, all eyes are on the final details and how the agreement will shape future cooperation between the US and Ukraine.
