Ukraine Accepts Terms of Minerals Deal with US, Could Sign Agreement on Friday | World News
Mineral Deal: A New Era of Cooperation for Ukraine and the US
In a significant development, Ukraine has agreed on the terms of a mineral deal with the United States, and the country’s President Volodymyr Zelensky could sign the agreement as early as this Friday. This historic deal is expected to mark a new era of cooperation between the two nations, with the potential to reap vast economic benefits for Ukraine.
US Removes Unfavorable Clauses
According to a Ukrainian official, the US has removed all clauses that "do not suit" Ukraine, including the $500 billion reference to the country’s valuable minerals. This move is seen as a major concession by the US, which was earlier seeking a $500 billion deal that would have granted it access to Ukraine’s mineral wealth.
Joint Fund for Ukraine and America
Under the agreement, the two nations would "jointly develop" Ukraine’s mineral wealth, with the revenues going to a newly created "joint fund for Ukraine and America." This joint fund is expected to be a game-changer for Ukraine, which has been struggling to overcome the economic impacts of the ongoing war with Russia.
Security Clause Remains Ambiguous
However, the security clause remains ambiguous, with the official stating that there is a general clause that mentions America’s support for a "stable and prosperous sovereign Ukraine" and "efforts to guarantee security." While this clause is seen as a step in the right direction, it falls short of the explicit guarantees that Ukraine had been seeking.
Trump Confirms Zelensky’s Visit
US President Donald Trump has confirmed that Ukrainian President Volodymyr Zelensky will be visiting Washington as early as this Friday, with the possibility of signing the deal. Trump characterized the agreement as "a very big deal," hinting at the significant benefits it could bring to both countries.
What’s at Stake?
So, what’s at stake in this historic deal? For Ukraine, the agreement could mean a lifeline in the form of new economic Opportunities, which could help the country recover from the devastating effects of the war with Russia. For the US, the deal could provide a strategic foothold in the region, as well as access to vital mineral resources.
Conclusion
As the world waits with bated breath for the signing of this monumental deal, it is clear that the stakes are high. Will Ukraine and the US be able to overcome their differences and seal the agreement? Only time will tell. One thing is certain, however: the potential benefits of this cooperation are vast, and the world is watching with bated breath.
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