Ukraine postpones signing fossil fuel agreement with U.S. until Trump's appointment

Ukraine has postponed the signing of a cooperation agreement with the USA on mining and processing of minerals until the appointment of US President-elect Donald Trump. This was reported by The New York Times on Saturday, December 14.

According to the newspaper, this is how Kiev wants to attract the Trump administration to its side. Ukraine has deposits of 20 important minerals worth at least $11.5 trillion. Cobalt and graphite are among those that may be of interest to the United States.

In addition, the country has one-third of Europe's proven lithium reserves, a key material for the production of rechargeable batteries used in the production of electric cars, which means that Tesla owner Ilon Musk could be interested in the agreement.

The agreement was originally scheduled to be signed under the current administration of President Joe Biden, but it was postponed twice, the newspaper reported.

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Prior to that, on November 29, political scientist Alexander Asafov noted in a conversation with Izvestia that the Western establishment is developing various scenarios for Ukraine against the backdrop of Republican Donald Trump's victory in the US presidential election.

The same month, The New York Times wrote that Zelensky could sell his country's minerals worth trillions of dollars.

On 2 November, Russian Foreign Ministry spokesperson Maria Zakharova said that Ukraine will be in Western bondage for decades and will pay for its debts with its residents, mineral resources and territories.