Ukraine still in talks with US about minerals deal, spokesman says - Headlines news and analysis from Global Banking & Finance Review
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Ukraine still in talks with US about minerals deal, spokesman says

Published by Global Banking & Finance Review

Posted on March 21, 2025

2 min read

· Last updated: March 21, 2025

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Ukraine and US Continue Talks on Minerals Deal and Peace

(Reuters) - Ukraine is continuing to hold talks with the United States about a minerals deal, a foreign ministry spokesman said on Friday.

The White House said on Wednesday it had moved beyond "just the economic minerals deal framework" and was focused on peace between Ukraine and Russia, and President Donald Trump said on Thursday that the U.S. would sign the minerals and natural resources deal with Ukraine shortly.

"Ukraine was even ready to sign the agreement in Jeddah," spokesman Heorhii Tykhyi told a briefing, referring to talks between U.S. and Ukrainian officials in Saudi Arabia last week and ahead of more talks there in coming days.

He said the U.S. team had at that time requested additional consultations in Washington about the deal, which Trump sees as a way to pay back Washington for its assistance to Kyiv since Russia's full-scale invasion in 2022.

Tykhyi said the teams "continued dialogue" but declined to comment on media reports that the U.S was aiming to change the terms of the agreed draft, envisaging creating a reconstruction investment fund tied to the sale of Ukraine's minerals.

"If the American side has additional ideas on how to conclude this document, how to move forward, they need to be considered at the level of teams that are communicating," Tykhyi said.

The White House has suggested the U.S. could help run and possibly own Ukrainian nuclear power plants. Ukrainian President Volodymyr Zelenskiy denied on Thursday that he and Trump had discussed potential American ownership.

(Reporting by Yuliia Dysa; Editing by Sharon Singleton and Timothy Heritage)

Key Takeaways

  • Ukraine is in ongoing talks with the US about a minerals deal.
  • The US is focusing on peace between Ukraine and Russia.
  • Trump announced a forthcoming minerals and natural resources deal.
  • The US requested additional consultations in Washington.
  • Potential changes to the deal include a reconstruction fund.

Frequently Asked Questions

What is the main topic?
The main topic is the ongoing negotiations between Ukraine and the US regarding a minerals deal and related peace efforts.
What are the US and Ukraine discussing?
They are discussing a minerals deal and potential peace strategies between Ukraine and Russia.
What did Trump announce about the deal?
Trump announced that the US would sign the minerals and natural resources deal with Ukraine shortly.

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