{UAH} ZELENSKY HAS JUST REFUSED TO SIGN IF HE DOES NOT GET SECURITY GUARANTEES He is going to be booted just watch !!!!

Full text of Trump-Zelensky minerals deal 'revealed'

Story by James Reynolds

 

Ukrainian media has leaked what it said was the anticipated mineral deal between the U.S. and Ukraine, with a joint signing expected to follow as soon as Friday.

The Kyiv Independent cited an anonymous government source in sharing what they said was the full text of the 'Bilateral Agreement Establishing Terms and Conditions for a Reconstruction Investment Fund' on Wednesday afternoon.

' The document alleged to be the full mineral deal agreement outlines the setting up of a 'Reconstruction Investment Fund', detailing how both Ukraine and the United States will have joint ownership of a pot used to invest in Ukraine's 'safety, security and prosperity'.

The fund is to be 'jointly managed' by representatives of both the Ukrainian and U.S. governments, according to the document circulated by Ukrainian media. More details are expected to follow in a 'subsequent agreement', it says.

Without mention of the $500bn (£395bn) initially demanded by U.S. President Donald Trump, the document spells out how the government of Ukraine 'will contribute to the Fund 50 percent of all revenues earned from the future monetization of all relevant Ukrainian Government-owned natural resource assets'.

The exact minerals and rare earth sought after remained unclear from the document, listed only as 'deposits of mineral, hydrocarbons, oil, natural gas, and other extractable materials, and other infrastructure relevant to natural resource assets'.

Timeline, scope and sustainability of contributions' were to be 'further defined' in the subsequent Fund Agreement. According to the document, Ukraine also stands to be credited for expenses 'incurred by the newly developed projects from which the Fund receives revenues'.

The document, which only makes one mention of Russia, notes that both the U.S. and Ukraine 'wish to ensure' that 'those States and other persons' who have 'acted adversely to Ukraine in the conflict do not benefit from the reconstruction of Ukraine following a lasting peace'.

But the document stops short of many any U.S. security guarantees, except that the U.S. government 'supports Ukraine's efforts to obtain security guarantees needed to establish lasting peace'. In light of recent comments, guarantees are expected to come from allies in Europe. Trump has said the deal will give Kyiv 'the right to fight on' against Russia.

President Volodymyr Zelensky attends a news conference in Kyiv, Ukraine, 26 February 2025

Bucket-wheel excavators mine rare earth materials on Ukrainian soil on February 25, 2025 in the Zhytomyr region of Ukraine

Servicemen of the mobile fire group of the 113th Separate Territorial Defense Brigade prepare for operations in the Vovchansk direction, Kharkiv region, Ukraine, on February 22, 2025

Donald Trump looks on on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S. February 25, 2025

Officials late on Tuesday said they had come to an agreement following protracted negotiations but Ukrainian President Volodymyr Zelenskyy told reporters in Kyiv that more difficult work lay ahead. 

'This is a start, this is a framework agreement,' he told journalists at the presidential administration. 

Zelensky told reporters that Ukrainian and U.S. officials were working to confirm a meeting with Trump in Washington on Friday to discuss future support for Ukraine.

While the document shared by Ukrainian media presents claims that 'the American people desire to invest alongside Ukraine in a free, sovereign and secure Ukraine', there is no mention of future guarantees of support.

Instead, it notes that the U.S. has already 'provided significant financial and material support to Ukraine since Russia's full-scale invasion of Ukraine in February 2022'.

Asked by the BBC whether he would be prepared to walk away from an agreement if Trump did not offer desired security guaranteed, Zelenskyy said he wants find 'a NATO path or similar'.

'If we don't get security guarantees, we won't have a ceasefire, nothing will work, nothing.' 

Further discussions between US and Ukrainian officials are expected to determine the nature of said security guarantees for Ukraine and the exact sums of money at stake in the accords.

Zelensky's refusal to sign a first draft of the accord delivered to him in Kyiv by the US treasury secretary was met with anger by Trump, who called the Ukrainian leader a 'dictator' afterwards.

The idea of such a deal was originally aired by Zelenskyy in autumn last year, weeks before Trump was elected and amid growing concern in the U.S. over America's contributions to the eastern European nation. 

The Kremlin has since sought to woo Trump by lavishing praise on the US leader and by encouraging American investments in natural resources in Ukrainian territory controlled by Russian forces.

After Zelenskyy baulked at Trump's demands to give the U.S. $500bn worth of valuable minerals used in aerospace, electric vehicles and other technologies, Washington elected to cut the $500bn reference from its proposal, a senior Ukrainian source told the AFP news agency.

'They removed all the clauses that did not suit us,' the source said.

The sum was far above the official figure of $60bn in U.S. military aid to Ukraine since the invasion three years ago. 

Ukraine hopes the deal will improve relations with the Trump administration, which have soured in a war of words between Trump and Zelensky. 

Zelensky had already revealed that revenues from the resources deal would be deposited in a fund co-owned by Ukraine and the United States, and that Kyiv would not be 'a debtor' over aid provided under the Biden administration.

'This would be unfair to us,' Zelensky said.

He also said he would ask Trump whether Washington would halt aid altogether, and if so, whether Ukraine could still buy weapons from the United States.

Kyiv also wants security guarantees, though the current draft of the deal does not place any specific security commitments on the United States, a senior Ukrainian official told AFP before Ukrainian media shared what they said was the full text.

Zelensky also wants to know if Ukraine can use frozen Russian assets for weapons investments and whether Washington plans to lift sanctions on Russia.

Earlier, Ukrainian Prime Minister Denys Shmyhal confirmed that Ukraine and America have reached preliminary agreement on a broad economic deal that includes US access to Ukraine's rare earth minerals amid its war with Russia.

Mr Shmyhal said on Ukrainian public television that after days of negotiations, Ukraine and the US will sign the preliminary agreement, but with further details of a full agreement - including US security guarantees that Kyiv officials view as vital - still to be worked out.

Since returning to office last month, Mr Trump let Ukraine know that he wants something in return for tens of billions of dollars in US help to fend off the full-scale invasion that Russia launched just over three years ago on February 24 2022.

BILATERAL AGREEMENT ESTABLISHING TERMS AND CONDITIONS FOR A RECONSTRUCTION INVESTMENT FUND 

WHEREAS the United States of America has provided significant financial and material support to Ukraine since Russia's full-scale invasion of Ukraine in February 2022;

WHEREAS the American people desire to invest alongside Ukraine in a free, sovereign and secure Ukraine;

WHEREAS the United States of America and Ukraine desire a lasting peace in Ukraine and a durable partnership between their two peoples and governments;

WHEREAS the United States of America and Ukraine recognize the contribution that Ukraine has made to strengthening international peace and security by voluntarily abandoning the world's third largest arsenal of nuclear weapons;

WHEREAS the United States of America and Ukraine wish to ensure that those States and other persons that have acted adversely to Ukraine in the conflict do not benefit from the reconstruction of Ukraine following a lasting peace;

NOW, THEREFORE, the Government of the United States of America and the Government of Ukraine (each, a 'Participant') hereby enter into this Bilateral Agreement Establishing Terms and Conditions for a Reconstruction Investment Fund to deepen the partnership between the United States of America and Ukraine, as set forth herein.

1. The Governments of Ukraine and the United States of America, with the aim of achieving lasting peace in Ukraine, intend to establish a Reconstruction Investment Fund (Fund), partnering in the Fund through joint ownership, to be further defined in the Fund Agreement. Joint ownership will take into consideration the actual contributions of the Participants as defined in Sections 3 and 4. The Fund will be jointly managed by representatives of the Government of Ukraine and the Government of the United States of America. More detailed terms pertaining to the Fund's governance and operation will be set forth in a subsequent agreement (the Fund Agreement) to be negotiated promptly after the conclusion of this Bilateral Agreement. The maximum percentage of ownership of the Fund's equity and financial interests to be held by the Government of the United States of America and the decision-making authority of the representatives of the Government of the United States of America will be to the extent permissible under applicable United States laws.

Neither Participant will sell, transfer or otherwise dispose of, directly or indirectly, any portion of its interest in the Fund without the prior written consent of the other Participant.

2. The Fund will collect and reinvest revenues contributed to the Fund, minus expenses incurred by the Fund, and will earn income from the future monetization of all relevant Ukrainian Government-owned natural resource assets (whether owned directly or indirectly by the Ukrainian Government), as defined in Section 3

3. The Government of Ukraine will contribute to the Fund 50 percent of all revenues earned from the future monetization of all relevant Ukrainian Government-owned natural resource assets (whether owned directly or indirectly by the Ukrainian Government), defined as deposits of minerals, hydrocarbons, oil, natural gas, and other extractable materials, and other infrastructure relevant to natural resource assets (such as liquified natural gas terminals and port infrastructure) as agreed by both Participants, as may be further described in the Fund Agreement. For the avoidance of doubt, such future sources of revenues do not include the current sources of revenues which are already part of the general budget revenues of Ukraine. Timeline, scope and sustainability of contributions will be further defined in the Fund Agreement.

The Fund, in its sole discretion, may credit or return to the Government of Ukraine actual expenses incurred by the newly developed projects from which the Fund receives revenues.

Contributions made to the Fund will be reinvested at least annually in Ukraine to promote the safety, security and prosperity of Ukraine, to be further defined in the Fund Agreement. The Fund Agreement will also provide for future distributions.

4. Subject to applicable United States law, the Government of the United States of America will maintain a long-term financial commitment to the development of a stable and economically prosperous Ukraine. Further contributions may be comprised of funds, financial instruments, and other tangible and intangible assets critical for the reconstruction of Ukraine.

5. The Fund's investment process will be designed so as to invest in projects in Ukraine and attract investments to increase the development, processing and monetization of all public and private Ukrainian assets including, but not limited to, deposits of minerals, hydrocarbons, oil, natural gas, and other extractable materials, infrastructure, ports, and state-owned enterprises as may be further described in the Fund Agreement. The Government of the United States of America and the Government of Ukraine intend that the investment process will lead to opportunities for distribution of additional funds and greater reinvestment, to ensure the sufficient supply of capital for the reconstruction of Ukraine as set out in the Fund Agreement.

The Participants reserve the right to take such action as necessary to protect and maximize the value of their economic interests in the Fund.

6. The Fund Agreement will include appropriate representations and warranties, including those necessary to ensure that any obligations the Government of Ukraine may have to third parties, or such obligations that it may undertake in the future, do not sell, convey, transfer pledge, or otherwise encumber the Government of Ukraine's contributions to the Fund or the assets from which such contributions are derived, or the Fund's disposition of funds.

In drafting the Fund Agreement, the Participants will strive to avoid conflicts with Ukraine's obligations under its accession to the European Union or its obligations under arrangements with international financial institutions and other official creditors.

7. The Fund Agreement will provide, inter alia, an acknowledgment that both the Fund Agreement and the activities provided for therein are commercial in nature.

The Fund agreement shall be ratified by the Parliament of Ukraine according to the Law of Ukraine 'On International Treaties of Ukraine.'

8. The Fund Agreement will pay particular attention to the control mechanisms that make it impossible to weaken, violate or circumvent sanctions and other restrictive measures.

9. The text of the Fund Agreement will be developed without delay by working groups chaired by authorized representatives of the Government of Ukraine and the Government of the United States of America. Contact persons responsible for preparing the Fund Agreement on the basis of this Bilateral Agreement are: from the Government of the United States of America: the Department of the Treasury; from the Government of Ukraine: Ministry of Finance and Ministry of Economy.

10. This Bilateral Agreement and the Fund Agreement will constitute integral elements of the architecture of bilateral and multilateral agreements, as well as concrete steps to establish lasting peace, and to strengthen economic security resilience and reflect the objectives set forth in the preamble to this Bilateral Agreement.

The Government of the United States of America supports Ukraine's efforts to obtain security guarantees needed to establish lasting peace. Participants will seek to identify any necessary steps to protect mutual investments, as defined in the Fund Agreement.

11. This Bilateral Agreement is binding and will be implemented by each Participant according to its domestic procedures. The Government of the United States of America and the Government of Ukraine commit to proceed forthwith to negotiate the Fund Agreement.

As published first by the Kyiv Independent 

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