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U.S. and Ukraine Advance Rare Earth Deal With Intent Declaration Signed

Both nations aim to finalize a resource-sharing agreement by April 26, granting U.S. access to Ukrainian minerals in exchange for reconstruction funding.

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Overview

  • The U.S. and Ukraine signed a nonbinding intent declaration on April 17, paving the way for a rare earth resource-sharing agreement.
  • The deal would grant the U.S. access to Ukraine's rare earth minerals, critical for high-tech industries, while establishing a reconstruction fund for Ukraine.
  • Technical negotiations are ongoing, with a final round scheduled for April 24 and signing targeted by April 26, though exact dates are debated by leaders.
  • This agreement follows a failed February framework, which collapsed after a public dispute between Trump, Vance, and Zelenskyy at the White House.
  • Ukraine views the deal as a step toward securing stronger U.S. economic ties and potential security guarantees, vital during the ongoing conflict with Russia.