President Volodymyr Zelenskyy is scheduled to travel to the White House on Friday, a week after President Donald Trump called him a “dictator.”
Trump noted on Wednesday that it would be a “very big deal.”
The draft Ukrainian contract did not mention the draft payment to the US with the hundreds of millions of dollars of aid that Kyiv has received in recent years, but the US side does not have a similarly specific security guarantee.
According to In response to the draft transaction acquired by CNN, the two countries will create a “co-managed “reconstruction investment fund” that collects and reinvests revenues from the monetization of minerals, hydrocarbons, oil, natural gas and other extractable minerals owned by the relevant Ukraine.
Mineral resources that are already making money for Kyiv, such as the activities of Naftogaz, are not part of the transaction.
As of Wednesday morning, the proposed transaction designated the Ukrainian government to donate 50% of all proceeds from such state-owned natural resource assets to the fund. The contributions are routinely reinvested in Ukraine to promote the country's “safety, security and prosperity.”
Secretary of State Marco Rubio claimed in an interview last week that he had previously discussed a version of the transaction where Vice President J.D. Vance and Zelenkiy “repaying money given by some of the taxpayers,” and Zelenkiy said he was on board and would run through his “legislative process.” However, Zelenskyy was made public instead, informing reporters that he had refused the deal.
“I want to find something similar or NATO pass.”
Ukrainian officials
I said Financial Times (UK) proved that Kyiv is ready to sign an agreement after the US removed its $500 billion in mineral wealth rights.
The draft pointed out that the US supports Ukraine's efforts to obtain security guarantees and maintains a long-term financial commitment to the country's development, but does not mention that the US provides such guarantees.
Trump I said “I don't intend to provide much security guarantees. I'll have Europe do that.”
According to BBCZelenskyy on Wednesday asked for security guarantees from the US but confirmed it came out empty-handed.
“I wanted to hand over a sentence for Ukraine's security assurance, and it's important that it's there,” Zelenskyy said.
When asked if he would abandon the deal if he didn't get what he wanted, Zelenskyy told reporters, “I want to find a NATO pass or something similar,” adding, “If I can't get a security guarantee, there's no ceasefire, nothing will work.”
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