By Anthony Marcus for Eurasia Business News, April 17, 2025. Article no.1487.

President Donald Trump announced that the United States and Ukraine are expected to sign a minerals deal on Thursday, April 24. He stated during a White House press conference that the agreement is ready and anticipated to be signed next Thursday, expressing hope that Ukraine will honor the deal.

The deal has been in advanced stages of negotiation, with both sides having made “substantial progress” and preparing to formalize a memorandum of intent as an initial step. Ukrainian officials, including Deputy Prime Minister Yuliia Svyrydenko, have confirmed significant technical collaboration and legal revisions to the draft agreement, aiming to sign a memorandum soon, possibly online on April 17 as a precursor to the full deal.

The minerals deal would grant the U.S. extensive control through a joint investment fund over revenues from Ukraine’s natural resources, including critical minerals, oil, and gas. This arrangement is framed by the Trump administration as a mechanism to recoup billions of dollars in military and financial aid provided to Ukraine since the Russian invasion began. However, the deal does not include security guarantees for Ukraine, a point of contention in negotiations.

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The U.S. has reportedly softened some of its earlier demands, lowering the repayment sought from $300 billion to around $100 billion, which is closer to Ukraine’s estimates. Despite this, Ukraine does not recognize previous U.S. military assistance as debt. The agreement is seen as a strategic economic partnership that could underpin longer-term security and peace efforts, although the full terms still require ratification by Ukraine’s parliament after the memorandum stage.

On March 6 the United States suspended its intelligence sharing with Ukraine, following a contentious and tense meeting on February 28 between President Donald Trump and Ukrainian President Volodymyr Zelenskyy. This decision was part of a broader strategy by the Trump administration to pressure Ukraine into engaging in peace talks with Russia, after three years of war and more than $ 200 billion paid by the U.S. to support Ukraine.

In summary, the U.S.-Ukraine minerals deal is expected to be signed on April 24, marking a significant step in bilateral relations and reflecting ongoing efforts to tie economic cooperation to broader geopolitical and security considerations.

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© Copyright 2025 – Eurasia Business News. Article no. 1486.