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Both the US and Ukraine have stated that they are generally ready to sign a transaction that will give US companies access to Ukraine’s minerals.
“We are ready to subscribe this afternoon this afternoon,” said US Treasury Minister Scott Sevent on Wednesday, adding that Ukraine, “decided to make changes in the last minute.”
Deputy Prime Minister of Ukraine Julia Sviriden flew to Washington on Wednesday after a clear breakthrough in the negotiations.
Earlier, BBC News discovered a copy of the transaction, which provides for the creation of a joint Ukrainian investment fund to search for minerals in Ukraine, and outlined how the income will be divided.
On Wednesday after lunch, an American source, familiar with the negotiations, criticized Ukraine for seeking to reopen some of the terms that had already been agreed over the weekend.
Both the US and Ukrainian teams worked through the Saturday night on Saturday to finalize the documents, as well as in the early morning on Wednesday, the BBC source said.
They added that noticeable points include the fund management, transparency mechanism and steps to ensure full tracing of all funds.
Despite these negotiations at the last minute, the signing can still happen by the end of Wednesday, when the US side believes that Ukraine is fulfilling the conditions already agreed, the source said.
“Nothing was removed,” the inflammation said about any changes in the agreement. “It’s the same as we agreed over the weekend. No changes on our side.”
The technical documents were signed last week by representatives of both countries.
In Kiev, Prime Minister Dennis Shmihal said Ukraine expected the transaction to be signed in the next 24 hours.
“This is a really good, equal and useful international agreement on joint investment in the development and restoration of Ukraine,” Schmihal said.
Since his return to the White House, US President Donald Trump has repeatedly pushed the agreement as a mandatory condition to offer Kiev any future security guarantees, as Ukraine continues to fight the invasion of Russian forces.
Ukraine is believed to have great reserves of critical rare minerals such as graphite, titanium and lithium under its soil. They are very much in demand from their use in renewable energy, military supplements and industrial infrastructure.
Pressing Trump Administration to access another country’s mineral wealth amid a growing trade war with China where 90% of the world’s current stocks come from.
The transaction project also appears to give American backed access to the Ukrainian industry outside the minerals.
Although it does not indicate security support that Washington is ready to provide in return, it states that the transaction is “a sensitive demonstration of the United States of America for Ukraine’s security.”
The agreement comes a few days after Trump and the President of Ukrainian Valodimir Zelensky held a personal meeting on the sidelines of Pope Francis, and how negotiations between Moscow and Washington on the possible ceasefire in Ukraine continue.
Latest Trump-Zelenski negotiations looked much more friendly than their Meeting at the White House in FebruaryAnd led to the US president to his Ukrainian counterpart in the following days, as well as the increased level of criticism of Russia’s attacks.
Speaking on Wednesday, Trump said, “As you know, we are constantly looking for a rare land (minerals).
“They have a lot and we have a deal, so we can start digging and doing what we need to do. It’s also good for them.”
The initial agreement was to sign up in February, but collapsed after a hot exchange between two leaders when Trump accused Zelensky of “gambling with the Third World War”.
