Steve Gutterman
A few weeks ago, rare earth elements, critical minerals, and other natural resources seemed like just one more factor in efforts to end Russia’s war on Ukraine.
Now they are front and center, a dominant focus of U.S. talks with Kyiv and a prominent vein of the intensifying diplomacy that also involves Moscow, the European Union, and others as Russia’s full-scale invasion enters its fourth year.
There were strong indications on February 25 that an agreement on a framework deal had been reached and that Ukrainian President Volodymyr Zelenskyy would be in Washington later this week to sign it.
The deal would cover the joint development of Ukraine’s critical minerals and other natural resources, such as oil and gas, according to multiple news reports quoting unidentified sources in the Ukrainian government. The reports said the agreement was a framework for a broad economic deal that would include the exploitation of rare earth minerals.
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