Ukrainian High-Ranking Official: 'US Made Concessions, Zelensky Ready to Sign Deal'
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World
February 26, 2025 05:30
ukraine - Critical development in the rare earth elements agreement between Ukraine and the US. Ukrainian official states readiness to sign the deal after US withdraws claims on potential revenue.
US-Ukraine Rare Earth Elements Deal
A high-ranking Ukrainian official revealed that Ukraine is ready to sign the agreement for the joint development of mineral resources, including oil and gas, with the US. This decision comes after the US withdrew claims on a potential $500 billion revenue from resource exploitation.
Key Points:
- The final draft of the agreement highlights US support for Ukraine's economic development in the future.
- The official clarified that the agreement is a framework deal, and no revenue will be exchanged until a fund is established, allowing time to resolve any potential disputes.
President Zelensky, who had previously deemed the conditions 'unacceptable,' will need approval from the Ukrainian parliament for the deal. Meanwhile, amidst criticism from Russian and US leaders, the Ukrainian parliament reaffirmed Zelensky as the country's legal leader through a recent vote, strengthening his position against Putin and Trump.