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Ukraine and U.S. Finalize Resource Deal as Russian Strikes Persist

The landmark agreement grants U.S. firms mineral and energy extraction rights in Ukraine but excludes security guarantees, while European nations prepare new sanctions against Russia.

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Overview

  • Ukraine and the United States signed an agreement allowing U.S. companies access to Ukraine's mineral, oil, and gas resources, alongside the establishment of a joint reconstruction fund.
  • President Zelensky hailed the deal as 'truly equitable,' emphasizing its investment opportunities, though it lacks the security guarantees Kyiv sought.
  • Russian military attacks continue, with 29 injuries reported in Zaporijia and two fatalities in Odessa from recent drone and missile strikes.
  • European leaders are set to introduce a coordinated 17th sanctions package against Russia if ceasefire negotiations remain stalled.
  • President Putin declared a unilateral ceasefire from May 8 to 10, though previous ceasefire attempts have failed to secure lasting peace.