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| Zelensky leaves White House early after spat with Trump: Live Updates | |
| (about 2 hours later) | |
| The US president has for weeks demanded that Kiev grant access to its natural resources so Washington can recoup the aid provided to Ukraine | The US president has for weeks demanded that Kiev grant access to its natural resources so Washington can recoup the aid provided to Ukraine |
| US President Donald Trump was receiving Ukrainian leader Vladimir Zelensky at the White house, where the two were expected to sign an agreement granting Washington access to Ukraine’s natural resources. | |
| The idea of a deal involving Ukraine’s rare-earths was first floated by Zelensky last autumn, and the US president took him up on the offer earlier this month. There was some back-and-forth over the past few weeks, with the Ukrainian leader apparently attempting to secure more favorable terms. | The idea of a deal involving Ukraine’s rare-earths was first floated by Zelensky last autumn, and the US president took him up on the offer earlier this month. There was some back-and-forth over the past few weeks, with the Ukrainian leader apparently attempting to secure more favorable terms. |
| The minerals deal was expected to provide a general framework and confirm the two nations’ intent to create a special joint fund to be followed up by a series of separate documents, stipulating the details. | |
| White House economic adviser Kevin Hassett told NewsNation on Thursday that the “ballpark estimate of what it’s worth to the American people is around $20 billion.” | White House economic adviser Kevin Hassett told NewsNation on Thursday that the “ballpark estimate of what it’s worth to the American people is around $20 billion.” |
| The Ukrainian government reviewed and greenlighted the agreement on Wednesday, according to Prime Minister Denis Shmigal. | The Ukrainian government reviewed and greenlighted the agreement on Wednesday, according to Prime Minister Denis Shmigal. |
| Local media outlets Strana.ua and Evropeiskaya Pravda published what they claimed to be the text of the future agreement. According to the publications, 50% of all revenues from the future development of Ukraine’s natural resources will accrue to a joint fund, with the accumulated assets being invested in the country’s economy “at least once a year.” | Local media outlets Strana.ua and Evropeiskaya Pravda published what they claimed to be the text of the future agreement. According to the publications, 50% of all revenues from the future development of Ukraine’s natural resources will accrue to a joint fund, with the accumulated assets being invested in the country’s economy “at least once a year.” |
| Despite Kiev’s demands, Washington will not offer any security guarantees to Ukraine under the agreement, only “supporting” efforts to secure an arrangement. | Despite Kiev’s demands, Washington will not offer any security guarantees to Ukraine under the agreement, only “supporting” efforts to secure an arrangement. |
| Commenting on the deal, Russian President Vladimir Putin said earlier this month that it “doesn’t concern” Moscow. | Commenting on the deal, Russian President Vladimir Putin said earlier this month that it “doesn’t concern” Moscow. |