Business news from Ukraine

Business news from Ukraine

President of Ukraine believes that without security guarantees, economic agreement with United States on rare earth metals will not work

17 February , 2025  

President of Ukraine Volodymyr Zelenskyy believes that without security guarantees, the economic agreement with the United States on rare earth metals will not work.

“If we do not receive security guarantees from the United States, I believe that the economic agreement will not work. Everything must be honest,” Zelensky said in an interview with NBC News.

The President of Ukraine made it clear that any deal involving Ukrainian minerals must be accompanied by security guarantees from the United States.

“We looked at what America imports, what rare earth metals, what America imports for its industry. And when we took titanium as an example, we say that we have titanium in Ukraine, and this is accurate information. And it’s enough for the industry for 40 years,” he said.

“Help us protect it, and we will make money on it together,” Zelenskyy said.

For its part, the United States called Ukraine’s position short-sighted, the Associated Press reports.

White House National Security Council spokesman Brian Hughes said in a statement that “President Zelensky is short-sighted in his assessment of the great opportunity the Trump administration has provided to Ukraine.”

Hughes said that the minerals deal would allow U.S. taxpayers to “recoup” money sent to Kyiv while also helping to develop Ukraine’s economy.

Hughes added that the White House believes that “binding economic ties with the United States will be the best safeguard against future aggression and an integral part of a lasting peace.” He added: “The United States recognizes this, the Russians recognize this, and Ukrainians should recognize this,” AR writes.

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