Ukraine Agrees on Natural Resources Deal With US, Zelensky Traveling to Washington

Ukraine and the United States have reportedly reached an agreement for the joint development of Ukrainian natural resources, including valuable minerals, oil, and gas. The pact, which is expected to be signed during Ukrainian President Volodymyr Zelensky's upcoming visit to Washington, seeks to strengthen bilateral relations and aid Ukraine's economic recovery amid ongoing conflict with Russia. Notably, the agreement stipulates that Ukraine will contribute 50% of the proceeds from resource extraction to a joint investment fund, though it lacks explicit security guarantees that Ukraine had initially sought. The deal has faced criticism for being perceived as exploitative of Ukraine's wartime struggles, with concerns over its long-term implications. Despite these issues, Ukrainian officials view the agreement as a significant opportunity to attract investments and promote sustainable growth. The final details of the agreement reportedly exclude a controversial clause regarding a $500 billion profit claim by the US, reflecting a more favorable outcome for Ukraine.