Published Date: 28.04.2025 09:03 / Politics

US, Ukraine Close to Minerals Deal

US, Ukraine Close to Minerals Deal

The United States and Ukraine are close to reaching a compromise on a long-anticipated minerals deal after Washington agreed to significant concessions. As part of the evolving agreement, the United States dropped its demand that Ukraine repay aid provided since the onset of its conflict with Russia.

Although United States President Donald Trump had announced earlier this month that the deal would be signed by April 24, the two sides were unable to finalize the agreement by that date. Nevertheless, Ukrainian officials have reported "significant progress" in ongoing negotiations with Washington.

The shift in U.S. demands is seen as a major breakthrough, potentially paving the way for a finalized minerals agreement that could strengthen economic ties between the two nations. Discussions remain active as both sides work toward sealing the deal.

The developments underscore the evolving dynamics of U.S.-Ukraine relations and highlight the strategic importance of securing access to critical mineral resources amid broader global competition.