Member-only story
Zelensky Pulls Trump Back to the Middle
Two Days, Two Blows to Putin
The pendulum has swung back again — not all the way, but close to the middle.
Details of the Ukraine-United States minerals deal continue to trickle in, and it’s nothing like the proposal Wall Street presented to Ukraine’s president two weeks ago. This version is drastically different and far from finalized. Instead, it serves as more of a framework, outlining the boundaries of a future agreement.
CNN reported Monday, citing a Ukrainian source familiar with the negotiations, that some of the thornier details about the resources deal would be negotiated in subsequent talks, and that the US and Ukrainian presidents might discuss the security guarantees in person.
Speaking to Ukrainian TV, Prime Minister Denys Shmyhal said that United States and Ukraine have reached preliminary agreement to establish an “investment fund.” According to Shmyhal, Kyiv and Washington would manage the fund as equal partners. Ukraine’s contribution would come from 50% of future revenues generated by state-owned mineral resources, oil, and gas, which would then be reinvested into domestic projects.
President Zelensky has acknowledged the fund but also added that it was “too early to talk about money.”