Kyiv opens talks as US seeks stake in critical mineral revenues

Ukraine is preparing to send a high-level delegation to Washington next week to begin

formal negotiations on a new U.S.-drafted agreement over access to the country's critical mineral

resources. The talks follow months of strained diplomacy and leaked terms suggesting the United

States could secure a long-term stake in Ukraine's future mineral revenues as part of a broader aid

for investment proposal. The proposed agreement goes beyond a framework the two countries nearly

signed in February, which collapsed after a tense Oval Office meeting between Presidents

Donald Trump and Volodymyr Zelensky. That earlier version outlined plans for a jointly managed investment fund to help rebuild

Ukraine's economy using proceeds from its natural resources. But the revised draft, delivered by the U.S. Treasury and not yet endorsed by Ukraine

proposes more expansive terms, according to Ukrainian officials. The latest version reportedly covers not only rare earth elements, but also hydrocarbons, oil and natural gas

Critics say it grants the U sweeping financial interests with limited clarity on Ukraine role in managing the fund Keeves says the draft reflects the U legal team position and does not represent a final agreement

Ukraine's economy minister says the delegation will include legal, financial, and investment advisors

with the aim of defining red lines and negotiating terms acceptable to both sides

Behind the scenes, the proposed deal is stirring emotional debate. Residents in Kirovarod, a central mining region rich in titanium, lithium and uranium

view American investment as either essential for survival during wartime or a threat to Ukraine's control over its mineral wealth

The U.S. calls the deal a way to recoup costs from billions in military support already provided

Ukrainian officials say any agreement must protect the country's long-term interests, preserve shared control over its resources

and avoid undermining future integration with Europe. Kiev says it remains open to cooperation

but will reject any arrangement that threatens its economic independence or undermines future integration with Europe

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