• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Europe

US says revenue from minerals deal will fuel Ukraine’s postwar growth

February 22, 2025
in Europe
Reading Time: 3 mins read
A A
0
US says revenue from minerals deal will fuel Ukraine’s postwar growth
2
SHARES
5
VIEWS
Share on FacebookShare on Twitter


Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

The US Treasury secretary has defended Donald Trump’s push for an agreement with Ukraine to develop its natural resources and critical minerals, saying the plan would fuel postwar growth in the country and did not involve any coercive economic pressure.

Scott Bessent’s comments in an op-ed for the Financial Times come as Trump administration officials are trying to clinch what they claim is an economic partnership with Kyiv as part of their broader diplomatic push to broker a peace deal between Russia and Ukraine.

Ukrainian officials have so far rejected US demands for such an agreement, but US officials are applying intense pressure on Kyiv in their push for a deal.

Officials in Kyiv believe that Trump’s onslaught against Ukrainian President Volodymyr Zelenskyy this week, describing him as a dictator and suggesting Ukraine, not Russia, had started the war, are ways of strong-arming Kyiv into a mineral deal.

In the op-ed, Bessent laid out some of the details of the US proposal. He said Ukraine’s revenue from “natural resources, infrastructure and other assets” would be “allocated to a fund focused on the long-term reconstruction and development of Ukraine where the United States will have economic and governance rights in those future investments”.

However, Bessent did not say how much of the proceeds from mineral extraction would be allocated to the fund or how much would be paid out to the US. Trump has presented the mineral deal as a way of ensuring Ukraine pays back previous US military aid.

An earlier draft of the agreement reported by Ukrainian media, which Ukrainian officials said was accurate, stated the fund would be set up “with the encumbrance (legal claim) of such revenues in favour of the United States”.

It also said that the US would decide how much of the fund would be paid out for reconstruction projects.

In his op-ed, Bessent said that the agreement would include “high standards of transparency, accountability, corporate governance, and legal frameworks necessary to attract the robust private investment for postwar growth in Ukraine” and America’s involvement “would leave no room for corruption and insider deals”.

The US Treasury secretary travelled to Ukraine earlier this month on his first international trip to pitch the deal to Volodymyr Zelenskyy, the president.

While US officials including Mike Waltz, Trump’s national security adviser, have said they believe a deal is close, Ukrainian officials are more guarded.

“The draft on the table now needs more work,” said a person involved in negotiations. “We see there many obligations of Ukraine and very weak things [offered] from the American side, so the draft, as for today, is not ready to be accepted on the president’s level.”

Negotiations went early into the morning for the third day and will continue on Saturday and probably into Sunday. 

Zelenskyy has said that Bessent’s original proposal was not in Ukraine’s interest, as it demanded 50 per cent of the rights to the country’s rare earth and critical minerals in exchange for past military assistance, and did not contain any offers of future assistance.

Senior Ukrainians officials said they had spent the past week drawing up a counterproposal, which they discussed with the US special envoy for Ukraine, Keith Kellogg, in Kyiv on Thursday and Friday.

Zelenskyy wants the Trump administration to provide security guarantees in a new proposal before they agree to sign on.

In the op-ed, Bessent said the terms of the deal would “ensure that countries that did not contribute to the defence of Ukraine’s sovereignty will not be able to benefit from its reconstruction or these investments”.

Bessent also suggested the US was not trying to seize control of Ukraine’s natural resources coercively. “Let’s also be clear as to what this is not. The United States would not be taking ownership of physical assets in Ukraine. Nor would it be saddling Ukraine with more debt. This type of economic pressure, while deployed by other global actors, would not advance American nor Ukrainian interests,” he wrote.



Source link

Previous Post

Cholera kills 58, sickens 1,300 over 3 days in Sudanese city

Next Post

ST Picks: The bliss of soaking in Japan’s onsen

Related Posts

Russia and Ukraine fail again to agree ceasefire but commit to prisoner swap

Russia and Ukraine fail again to agree ceasefire but commit to prisoner swap

June 2, 2025
3
Tusk to ask for a vote of confidence – DW – 06/02/2025

Tusk to ask for a vote of confidence – DW – 06/02/2025

June 2, 2025
5
Next Post
The Straits Times logo

ST Picks: The bliss of soaking in Japan’s onsen

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Why is Trump attacking law firms? : The NPR Politics Podcast : NPR

Why is Trump attacking law firms? : The NPR Politics Podcast : NPR

June 3, 2025
Paralysed Chinese woman falls for ‘doctor’ during rehab, he disappears with US$420,000 loan

Paralysed Chinese woman falls for ‘doctor’ during rehab, he disappears with US$420,000 loan

June 3, 2025

Oil rises on Iran, Russia and Canada supply concerns

June 3, 2025
Shrubs are taking over the Arctic. Will caribou suffer?

Shrubs are taking over the Arctic. Will caribou suffer?

June 3, 2025

Recent News

Why is Trump attacking law firms? : The NPR Politics Podcast : NPR

Why is Trump attacking law firms? : The NPR Politics Podcast : NPR

June 3, 2025
0
Paralysed Chinese woman falls for ‘doctor’ during rehab, he disappears with US$420,000 loan

Paralysed Chinese woman falls for ‘doctor’ during rehab, he disappears with US$420,000 loan

June 3, 2025
4

Oil rises on Iran, Russia and Canada supply concerns

June 3, 2025
4
Shrubs are taking over the Arctic. Will caribou suffer?

Shrubs are taking over the Arctic. Will caribou suffer?

June 3, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Paralysed Chinese woman falls for ‘doctor’ during rehab, he disappears with US$420,000 loan

Paralysed Chinese woman falls for ‘doctor’ during rehab, he disappears with US$420,000 loan

June 3, 2025

Oil rises on Iran, Russia and Canada supply concerns

June 3, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co