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Ukraine, US sign minerals deal sought by Trump

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Ukraine and the U.S. on Wednesday signed a deal heavily promoted by U.S. President Donald Trump that will give the United States preferential access to new Ukrainian minerals deals and fund investment in Ukraine’s reconstruction.

The two countries signed the accord in Washington after months of sometimes fraught negotiations, with uncertainty persisting until the last moment with word of an eleventh-hour snag, Reuters reported.

The accord establishes a joint investment fund for Ukraine’s reconstruction as Trump tries to secure a peace settlement in Russia’s three-year-old war in Ukraine.

The agreement is central to Kyiv’s efforts to mend ties with Trump and the White House, which frayed after he took office in January. Ukrainian officials have hoped that the deal would ensure continued U.S. support for Ukraine’s defence against Russia.

U.S. Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko were shown signing the agreement in a photo posted on X by the Treasury, which said the deal “clearly signals the Trump Administration’s commitment to a free, sovereign, prosperous Ukraine.”

Svyrydenko wrote on X that the accord provides for Washington to contribute to the fund.

“In addition to direct financial contributions, it may also provide NEW assistance – for example air defense systems for Ukraine,” she said. Washington did not directly address that suggestion.

The U.S. has been Ukraine’s single largest military donor since Russia’s 2022 invasion with aid of more than 64 billion euros ($72 billion), according to the Kiel Institute in Germany.

Before the signing, Trump repeated on Wednesday that the U.S. should get something for its aid to Kyiv, thus the effort to secure a deal for Ukraine’s plentiful deposits of rare earth minerals.

In announcing the deal, the U.S. Treasury said the partnership recognized “the significant financial and material support that the people of the United States have provided to the defense of Ukraine since Russia’s full-scale invasion.”

Svyrydenko said the accord allowed Ukraine to “determine what and where to extract” and that its subsoil remains owned by Ukraine.

Ukraine is rich in natural resources including rare earth metals which are used in consumer electronics, electric vehicles and military applications, among others. Global rare-earth mining is currently dominated by China, which is locked in a trade war with the U.S. after Trump’s sharp tariff increases.

Ukraine also has large reserves of iron, uranium and natural gas.

Svyrydenko said Ukraine has no debt obligations to the United States under the agreement, a key point in the lengthy negotiations between the two countries.

The deal also, she said, complied with Ukraine’s constitution and Ukraine’s campaign to join the European Union, key elements in Ukraine’s negotiating position.

The minerals deal and U.S. peace efforts have been negotiated separately but reflect Washington’s approach to Ukraine and Russia. Trump has upended U.S. policy by softening the U.S. stance toward Russia and sometimes falsely blaming Ukrainian President Volodymyr Zelenskiy for the war.

U.S. peace proposals have called for recognition of Russia’s claim to Crimea, which it seized from Ukraine in 2014, and potentially four other Ukrainian regions. Zelenskiy has said Kyiv would never do so because it would contravene Ukraine’s constitution.

“Importantly, the Agreement sends a signal to global partners that long-term cooperation with Ukraine – over decades – is not only possible but reliable,” Svyrydenko said on X.

A draft of the U.S.-Ukraine agreement seen by Reuters earlier on Wednesday showed Ukraine secured the removal of any requirement for it to pay back the U.S. for past military assistance, something Kyiv had staunchly opposed.

The draft did not provide any concrete U.S. security guarantees for Ukraine, one of its initial goals.

Separately, Ukraine has discussed with European allies the forming of an international force to help ensure Ukraine’s security if a peace agreement is reached with Russia.

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US, Russian officials meet in Florida for more Ukraine talks

Kyiv says it will not cede land that Moscow’s forces have failed to capture in nearly four years of war.

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U.S. negotiators met Russian officials in Florida on Saturday for the latest talks aimed at ending Russia’s war in Ukraine, as President Donald Trump’s administration tries to coax an agreement out of both sides to end the conflict, Reuters reported.

The Miami meeting followed U.S. talks on Friday with Ukrainian and European officials, the latest discussions of a peace plan that has sparked some hope of a resolution to the conflict that began when Russia launched its full-scale invasion in February 2022.

Russian President Vladimir Putin’s special envoy Kirill Dmitriev told reporters after meeting U.S. special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner that the talks were constructive and would continue on Sunday. A White House official said the talks had concluded for the day.

“The discussions are proceeding constructively. They began earlier and will continue today, and will also continue tomorrow,” Dmitriev said.

Marco Rubio, Trump’s top diplomat and national security advisor, had said he might also join the talks.

U.S., Ukrainian and European officials earlier this week reported progress on security guarantees for Kyiv as part of the talks to end the war, but it remains unclear if those terms will be acceptable to Moscow.

A Russian source told Reuters that any meeting between Dmitriev and the Ukrainian negotiators had been ruled out.

In Kyiv, Ukrainian President Volodymyr Zelenskiy said on Saturday that Ukraine would back a U.S. proposal for three-sided talks with the United States and Russia if it facilitated more exchanges of prisoners and paved the way for meetings of national leaders.

“America is now proposing a trilateral meeting with national security advisers — America Ukraine, Russia,” Zelenskiy told local journalists in Kyiv.

U.S. intelligence reports continue to warn that Putin intends to capture all of Ukraine, sources familiar with the intelligence said, contradicting some U.S. officials’ assertions that Moscow is ready for peace.

Putin offered no compromise during his annual press conference in Moscow, insisting that Russia’s terms for ending the war had not changed since June 2024, when he demanded Ukraine abandon its ambition to join NATO and withdraw entirely from four Ukrainian regions Russia claims as its own territory, Reuters reported.

Kyiv says it will not cede land that Moscow’s forces have failed to capture in nearly four years of war.

Ukraine’s top negotiator Rustem Umerov said U.S. and European teams on Friday held talks and agreed to pursue their joint efforts.

“We agreed with our American partners on further steps and on continuing our joint work in the near future,” Umerov wrote on Telegram of the discussions in the United States, adding that he had informed Zelenskiy of the outcome of the talks.

The White House did not immediately respond to a request for comment.

Rubio told reporters on Friday that progress has been made in discussions to end the war but there is still a way to go.

“The role we’re trying to play is a role of figuring out whether there’s any overlap here that they can agree to, and that’s what we’ve invested a lot of time and energy and continue to do so. That may not be possible. I hope it is. I hope it can get done this month before the end of the year.”

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US hits Daesh in Syria with large retaliatory strikes, officials say

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The U.S. military launched large-scale strikes against dozens of Daesh targets in Syria on Friday in retaliation for an attack on American personnel, U.S. officials said.

A U.S.-led coalition has been carrying out airstrikes and ground operations in Syria targeting Islamic State suspects in recent months, often with the involvement of Syria’s security forces, Reuters reported.

President Donald Trump had vowed to retaliate after a suspected ISIS attack killed U.S. personnel last weekend in Syria.

Defense Secretary Pete Hegseth said the strikes targeted “ISIS fighters, infrastructure, and weapons sites” and that the operation was “OPERATION HAWKEYE STRIKE.”

“This is not the beginning of a war — it is a declaration of vengeance,” Hegseth said. “Today, we hunted and we killed our enemies. Lots of them. And we will continue,” he added.

Trump said on social media that the Syrian government fully supported the strikes and that the U.S. was inflicting “very serious retaliation.”

U.S. Central Command said the strikes hit more than 70 targets across central Syria, adding that Jordanian fighter jets supported the operation.

One U.S. official said the strikes were carried out by U.S. F-15 and A-10 jets, along with Apache helicopters and HIMARS rocket systems.

Syria reiterated its steadfast commitment to fighting Daesh and ensuring that it has “no safe havens on Syrian territory,” according to a statement by the foreign ministry.

Two U.S. Army soldiers and a civilian interpreter were killed on Saturday in the central Syrian town of Palmyra by an attacker who targeted a convoy of American and Syrian forces before being shot dead, according to the U.S. military. Three other U.S. soldiers were also wounded in the attack.

About 1,000 U.S. troops remain in Syria.

The Syrian Interior Ministry has described the attacker as a member of the Syrian security forces suspected of sympathizing with Daesh.

Syria’s government is led by former rebels who toppled leader Bashar al-Assad last year after a 13-year civil war, and includes members of Syria’s former Al Qaeda branch who broke with the group and clashed with Daesh.

Syria has been cooperating with a U.S.-led coalition against Daesh, reaching an agreement last month when President Ahmed al-Sharaa visited the White House.

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EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets

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European Union leaders decided on Friday to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.

“Today we approved a decision to provide 90 billion euros to Ukraine,” EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels, Reuters reported. “As a matter of urgency, we will provide a loan backed by the European Union budget.”

The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilised assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.

The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary’s Russia-friendly Prime Minister Viktor Orban had opposed it. But Hungary, Slovakia and the Czech Republic agreed to let the scheme go ahead as long as it did not impact them financially.

The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine. If Moscow ever takes such a step, Ukraine could then use they money to pay back the loan.

USE OF RUSSIAN ASSETS TO COMPLEX AT THIS STAGE

“This is good news for Ukraine and bad news for Russia and this was our intention,” German Chancellor Friedrich Merz said.

The stakes for finding money for Kyiv were high because without the EU’s financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.

The decision follows hours of discussions among leaders on the technical details of an unprecedented loan based on the frozen Russian assets, which turned out to be too complex or politically demanding to resolve at this stage.

The main difficulty was providing Belgium, where 185 billion euros of the total Russian assets in Europe are held, with sufficient guarantees against financial and legal risks from potential Russian retaliation for the release of the money to Ukraine.

“There were so many questions on the Reparations Loan, we had to go to Plan B. Rationality has prevailed,” Belgian Prime Minister Bart De Wever told a news conference. “The EU has avoided chaos and division and remained united,” he said.

HUNGARY SCORES A WIN

With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.

Using the latter option allowed Orban to claim a diplomatic victory.

“Orban got what he wanted: no reparation loan. And EU action without participation of Hungary, Czech Republic and Slovakia,” one EU diplomat said.

‘CAN’T AFFORD TO FAIL’

Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years. They were also keen to show European countries’ strength and resolve after U.S. President Donald Trump last week called them “weak”.

“We just can’t afford to fail,” EU foreign policy chief Kaja Kallas said.

Ukrainian President Volodymyr Zelenskiy, who took part in the summit, urged the bloc to agree to use the Russian assets to provide the funds he said would allow Ukraine to keep fighting.

“The decision now on the table – the decision to fully use Russian assets to defend against Russian aggression – is one of the clearest and most morally justified decisions that could ever be made,” he said.

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