NV: US sends Ukraine an even tougher minerals treaty
The USA has toughened the terms of the fossil fuel deal with Ukraine, demanding full control over the future fund. This was reported by the Ukrainian newspaper NV on 22 February, citing sources.
According to the newspaper's interlocutors, the new version of the agreement received by Kiev from its US partners turned out to be "much tougher than the first version announced by US Treasury Secretary Scott Bessent".
So, now it is supposed to fix 100% ownership of the future fund for the USA, and also to distribute the contributions of the parties in the ratio of two to one, where Kiev will have to contribute two thirds by future revenues from production, and the American side - one third, already provided to the Ukrainian side in the form of weapons.
The terms cover not only minerals, but also gas and oil, the publication notes. The US side proposes to set the size of the fund at $500 billion. In addition, under the agreement, the United States does not assume any investment obligations, the sources said.
Earlier in the day, The New York Times (NYT) learned that as part of the renewed agreement with Ukraine on fossil fuels, the United States is demanding to provide them with 50% of revenues from ports and other infrastructure.
British TV channel Sky News, citing a Ukrainian source, also said that Zelensky was not ready to sign a rare earth metals deal with the United States because Kiev found "a number of problematic issues" in the draft agreement.
US President Donald Trump said on February 21 that he had warned Ukraine of problems if it refused to sign a rare earth minerals deal. Later, the head of state expressed doubts about Kiev's availability of resources.
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