Ukrainian President Volodymyr Zelenskyy has rejected a US bid to take ownership of around 50 per cent of the rights to his country’s rare earth minerals and is trying to negotiate a better deal, according to several people familiar with the matter.
Treasury Secretary Scott Bessent offered Zelenskyy the deal during a visit to Kyiv on Wednesday, which came after President Donald Trump suggested the US was owed half a trillion dollars’ worth of Ukraine’s resources in exchange for its assistance to the war-torn country.
Zelenskyy wants American and European security guarantees to be tied directly to any deal on the mineral reserves, according to four people familiar with the US-Ukraine negotiations.
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