Ukraine breaks the American dream of rare earths

by Andrea
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Ukraine breaks the American dream of rare earths

The president of Ukraine, Volodímir Zelenskihe has assured in one that his country is not willing to become a mere center of raw materials and that Any investment in mineral extraction must be accompanied by security guarantees and benefits for all parties.

In this sense, he claims to be willing to receive investments with the condition that occupied territories are released and natural resources are protected. “We do not want to be a raw material center for any continent. Being a friend or partner will not be a factor here. It is written in our Constitution. As president, I don’t want to violate the Constitution. I will protect my lands and our interests“, it needs.

The president also explains that he has refused to sign a joint agreement with the United States on investments in the extraction of rare earth minerals, since said document did not include clauses that guaranteed the security of Ukraine. “Without security guarantees, the agreement would not be fair. If we are going to give something, we must receive something in return”emphasizes.

Failed negotiations

On February 11, 2025, the US President, Donald Trump, said that Ukraine had “agreed in essence” Provide the United States access to minerals worth $ 500,000 million in exchange for military aid. Subsequently, the US Treasury Secretary, Scott Besent, visited kyiv to discuss the terms of such access.

Ukraine reviewed the draft agreement and presented it to the American party. However, the negotiations between the Russian president and the American vice president, JD Vance, concluded on February 14 in Munich without the signing of any agreement. A day later, Zelenski explained that Ukraine did not sign the pact with the United States because did not establish a direct link between the income generated by the resources and the security guarantees.

“I did not let the ministers sign a relevant agreement because, in my opinion, is not prepared to protect our interests“The Ukrainian leader said.

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