Zelenskyy has rebuffed US’s initial attempt to take control of minerals as downpayment for its aid in war with RussiaEurope live – latest updatesUkraine’s president, Volodymyr Zelenskyy, has rebuffed an initial attempt by the US to corner his country’s critical minerals as a downpayment for continued military and economic aid for its war with Russia.Three sources told the Reuters news agency that the US had proposed taking ownership of 50% of Ukraine’s critical minerals. Zelenskyy did not dismiss the offer out of hand, but said it did not yet contain the security provisions Kyiv needed. Continue reading...
Ukraine possesses significant reserves of critical minerals, including rare earth elements, which are essential for green energy, technology, and defense. The U.S. proposed taking 50% ownership of these minerals as part of military and economic aid, but Ukraine's leader, Volodymyr Zelenskyy, rejected the offer, citing insufficient security provisions. Critical minerals are vital for modern industries and the energy transition, with China dominating their processing. The U.S. seeks to secure alternative sources to reduce reliance on China, highlighting the geopolitical importance of these resources.
