US President Donald Trump has announced that Ukrainian President Volodymyr Zelenskyy will visit the White House on Friday to finalise a crucial minerals agreement. The news came during Trump’s first cabinet meeting following his return to office. Zelenskyy disclosed that while a framework for an economic arrangement with the US is ready, it currently lacks the vital security guarantees Kyiv seeks in its ongoing conflict with Russia.
During a press conference in Kyiv, Zelenskyy indicated that the full agreement would rely significantly on discussions in Washington. He described the framework as a preliminary step, pending ratification from the Ukrainian parliament. Zelenskyy emphasised the importance of understanding the US’s position on military support, expressing his intention to engage in broad talks with Trump.
The proposed economic deal might serve as part of future security assurances; however, Zelenskyy highlighted the necessity of grasping the overarching strategy for Ukraine’s future. He noted that upon returning to office, Trump had signalled a desire for reciprocal benefits in exchange for substantial US assistance to Ukraine in repelling Russian aggression, which escalated with the full-scale invasion beginning on February 24, 2022. The US has insisted on access to Ukraine’s considerable mineral reserves essential for various industries, including aerospace and defence.
Zelenskyy initially hesitated at US proposals, feeling they fell short in terms of security promises and expressing concern over a hefty price tag that could burden future generations of Ukrainians. Nevertheless, Ukraine is eager to leverage these investments to cement US support for its situation.
The latest iteration of the agreement acknowledges US backing for Ukraine’s quest for necessary security guarantees but does not commit the US to concrete assurances. Furthermore, the agreement outlines the need to safeguard mutual investments.
A White House spokesperson reiterated that acceptance of the agreement was a prerequisite for Trump’s invitation to meet. Zelenskyy expressed that the deal could either achieve significant success or fade away quietly, depending on discussions with Trump. He voiced his desire to coordinate closely with the US.
Trump’s administration has shifted previously established policies, moving away from isolating Russian President Vladimir Putin and fostering doubts around US support for European allies, potentially altering the geopolitical landscape of the ongoing conflict.
Ahead of the meeting, Zelenskyy articulated his wish to clarify the future of US military aid and explore avenues for Ukraine to procure weapons directly from the US. Additionally, he sought clarity on the potential use of frozen Russian assets for military purchases and investments, alongside queries about the possibility of sanctions relief on Russia. The preliminary agreement also outlines the establishment of an investment fund dedicated to rebuilding Ukraine, as noted by Ukrainian Prime Minister Denys Shmyhal.