Ukraine, U.S. make 'substantial progress' on minerals deal, Kyiv says
Posted on: Apr 16, 2025 18:48 IST | Posted by: Hindustantimes
KYIV -Ukraine and the United States feature made " substantive get on" in their talks on a minerals sell and testament sign a memorandum in the near future, first deputy prime minister Yulia Svyrydenko said on Wednesday.
U.S. President Donald Trump is seeking a bilateral minerals deal as part of his push to end Ukraine's war against the Russian invasion. Trump also sees it as a way to recover billions of dollars the U.S. Has spent on military assistance to Ukraine. President Volodymyr Zelenskiy has said that Ukraine would not recognise past U.S. Military aid as loans.
"Our technical teams have worked very thoroughly together on the agreement, and there is significant progress. Our legal staff has adjusted several items within the draft agreement," Svyrydenko said in a social media post on X.
Svyrydenko said the work on the deal would continue and that both sides agreed to sign a memorandum in the near term as the first stage to record the progress.
The United States has reduced its cost estimate for the assistance provided to Ukraine since Russia's invasion in 2022 to about $100 billion from $300 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Last month, the Trump administration proposed a new, more expansive minerals deal, which gives Ukraine no future security guarantees but requires it to place in a joint investment fund all income from the exploitation of natural resources by state and private enterprises across Ukrainian territory.
The future agreement would require ratification in Ukraine's parliament and was expected to help economic growth in both countries, Svyrydenko said, but provided no more details.
"It will create opportunities for investment and development in Ukraine and establish conditions for tangible economic growth for both Ukraine and the United States," she said.
This article was generated from an automated news agency feed without modifications to text.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.