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Ukraine and U.S. Advance Resource Deal as Peace Talks Face Challenges

A memorandum of intent for rare earth extraction has been signed, but finalization and ratification are pending as Paris peace talks expose divisions.

Overview

  • Ukraine and the U.S. signed a memorandum of intent on April 17 for a resource-sharing agreement granting U.S. access to Ukrainian rare earth metals as compensation for prior military aid.
  • The agreement's final text is still being drafted and requires legislative ratification in both countries, with formal signing expected next week.
  • Paris hosted the first trilateral peace talks involving Ukraine, Europe, and the U.S., hailed as a diplomatic breakthrough despite disagreements over concessions and guarantees.
  • Russia's UN ambassador declared a ceasefire unrealistic, citing alleged breaches of a limited energy-infrastructure pause agreed upon in March.
  • Follow-up peace discussions are planned in London next week, as Western nations debate strategies for strengthening Ukraine before further negotiations.

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