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US and Ukraine Finalize Strategic Minerals Deal Framework

Negotiators report substantial progress on a profit-sharing agreement tied to past US aid, with a memorandum of intent expected to be signed soon.

Overview

  • The US has reduced its estimate of aid provided to Ukraine since 2022 from $300 billion to approximately $100 billion, aligning closer to Kyiv's calculations.
  • The proposed agreement involves profit-sharing from Ukraine's strategic mineral and infrastructure projects as compensation for prior US military assistance.
  • Negotiators have finalized most legal aspects of the memorandum, which will require ratification by Ukraine's Verkhovna Rada after signing.
  • Key drafts reportedly avoid framing past US aid as a debt owed by Ukraine, addressing a major point of contention in the talks.
  • Both sides anticipate signing the memorandum of intent within days, marking a significant step toward formalizing the economic partnership.

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