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Trump Finally Makes a Deal: What’s Inside the Rare Minerals Agreement with Ukraine?

5 min readMay 2, 2025

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Ukrainian Minister of Economy Yulia Svyrydenko and US Treasury Secretary Scott Bessent after signing the agreement. Washington, April 30, 2025. Source of image: Wikimedia Commons.

Donald Trump’s transitional diplomacy, which has so far mostly relied on arm-twisting, false accusations and blackmail, has scored its first small success. , signed in Washington on April 30, became the first of Trump’s tenure. (Despite a promise to sign 90 trade deals in 90 days, none have been signed so far.) After months of tough negotiations, Washington and Kyiv managed to finalize the deal. One might get the impression that Ukraine has (once again) come to the rescue of Donald Trump to save his reputation and falling approval ratings. Ukraine needs peace, but Trump is far from being a selfless peacemaker.

of the rare element agreement confirms that Trump wants to maximize benefits with little or no guarantees for Ukraine.

On Wednesday, Ukrainian Economy Minister Yulia Svyrydenko and US Secretary of the Treasury Scott Bessent signed an agreement under which the USA will have access to Ukraine’s rare mineral resources. In accordance with the agreement, Ukraine will retain control over national wealth, and state-owned enterprises will continue to belong to the state. A joint Reconstruction Investment Fund will be…

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Published in Policy Panorama

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Anton Krutikov
Anton Krutikov

Written by Anton Krutikov

Top writer in history and politics. Historian and political analyst based in London, UK.

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