Micah McCartney
President Donald Trump is set to meet Ukrainian counterpart Volodymyr Zelensky in Washington, D.C., on Friday to sign a new deal on critical minerals, an effort to reduce U.S. reliance on China for key resources.
The agreement will see Ukraine and the U.S. jointly develop Ukraine's vast reserves of strategic materials, with 50 percent of the revenue from critical minerals, oil, natural gas, and other resources flowing into a U.S. fund.
While Trump has framed the deal as repayment for the military and humanitarian aid provided to Ukraine since 2022, Zelensky has pushed back on that idea, saying that Kyiv will not accept even "10 cents of debt repayment."
The U.S. Eyes Ukraine's Resource Wealth
The U.S. heavily depends on imports for materials essential to defense, energy, and high-tech industries, making a steady supply from a friendly partner such as Ukraine an attractive alternative to China. Washington has long viewed China's dominance in global minerals markets as a national security threat and has in recent years worked toward diversifying its supply chains.
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