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Trump seeks rare earth deal with Ukraine in exchange for US support

FP Staff February 4, 2025, 06:30:09 IST

Ukrainian President Volodymyr Zelenskyy told the Associated Press on Saturday that any negotiations between the U.S. and Russia but without his country were unacceptable

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Representational image. File image/ Reuters
Representational image. File image/ Reuters

President Donald Trump said on Monday that he wants to make an arrangement with Ukraine to acquire access to the country’s rare earth resources in exchange for continued US backing for its struggle against Russia.

Speaking to reporters in the Oval Office, Trump complained that the United States had provided more military and economic aid to Ukraine than its European partners, adding, “We’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earth and other things.”

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Trump said that he had gotten word from the Ukrainian leadership that they were prepared to arrange a deal to provide the US access to aspects crucial to the current high-tech sector.

“I want to have security of rare earth,” Trump added. “We’re putting in hundreds of billions of dollars. They have great rare earth. And I want security of the rare earth, and they’re willing to do it.”

Trump, who had previously said he’d bring about a rapid end to the war, said talks are ongoing to bring the conflict to a close.

“We made a lot of progress on Russia, Ukraine," Trump said. “We’ll see what happens. We’re going to stop that ridiculous war.”

Ukrainian President Volodymyr Zelenskyy told the Associated Press on Saturday that any negotiations between the U.S. and Russia but without his country were unacceptable.

“They may have their own relations, but talking about Ukraine without us — it is dangerous for everyone,” Zelenskyy said.

He said his team has been in contact with the Trump administration, but those discussions are at a “general level,” and he believes in-person meetings will take place soon to develop more detailed agreements.

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“We need to work more on this,” Zelenskyy said.

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