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Zelesnkyy is trying to fend off a bid by Trump for the US to take control of 50% of Ukraine’s rare earth minerals. He rejected the offer after the propsoed contract did not contain the expected pledges to provide US security guarantees in the event of a ceasefire.
Asked about the deal in Munich, Zelenskyy said: “We are still talking. I have had different dialogues.”
The US Treasury secretary, Scott Bessent, offered Zelenskyy the deal during a visit to Kyiv on Wednesday, after Trump suggested the US was owed half a trillion dollars’ worth of Ukraine’s resources in exchange for its assistance.
Zelenskyy is looking for any way to lock the US into a long-term protection of Ukraine from future Russian threats, but knows that in a vulnerable bargaining position, Trump can make demands it will be hard to resist.
https://www.theguardian.com/world/2025/feb/15/europe-will-not-take-part-in-us-russia-talks-ukraine-kellogg