Erin Banco, Andrea Shalal and Gram Slattery
The Trump administration has proposed a new, more expansive minerals deal with Ukraine, according to three people familiar with the ongoing negotiations and a summary of a draft proposal obtained by Reuters.
The U.S. has revised its original proposal, said the sources, and it gives Ukraine no future security guarantees but requires it to contribute to a joint investment fund all income from the use of natural resources managed by state and private enterprises across Ukrainian territory.
The terms put forward by Washington go well beyond the deal discussed in the days leading up to the contentious Oval Office meeting last month between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy.
Treasury Secretary Scott Bessent has been leading negotiations for the United States, said one of the sources.
Bessent did not immediately respond to a request for comment.
The proposal makes no mention of the U.S. taking ownership of Ukraine’s nuclear power plants, according to the summary - something Trump had talked about.
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