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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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Putin visits India for first time since 2022 Ukraine invasion

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Russian President Vladimir Putin will begin a two-day trip to India on Thursday, his first since launching the full-scale invasion of Ukraine, as Moscow seeks to reinforce defense and trade ties with New Delhi amid rising pressure from the Trump administration over India’s continued purchases of Russian oil.

Putin will travel with a high-level delegation that includes Defense Minister Andrei Belousov.
Media reports suggest the two countries may revisit a long-delayed fighter jet agreement during the visit.

India’s Prime Minister Narendra Modi is scheduled to host Putin for a private dinner on Thursday, followed by a summit meeting and business engagements on Friday.

Kremlin spokesman Dmitry Peskov said Russia’s S-400 air defense systems would be a “significant” point of discussion, underscoring the central role of military cooperation in the relationship. India has so far received three of the five S-400 units ordered in 2018, with remaining shipments delayed by Western sanctions and supply disruptions linked to the war in Ukraine.

Reports also indicate that Moscow may propose jointly manufacturing its Su-57 fighter jet in India. Russia remains a major source of India’s defense equipment, though its share of India’s arms imports has declined as New Delhi expands domestic production.

The visit comes shortly after U.S. President Donald Trump imposed 50% tariffs on most Indian exports, arguing that India’s reliance on discounted Russian crude indirectly supports Moscow’s war effort. India has emerged as a major buyer of Russian oil since 2022, saving billions of dollars, though it has recently scaled back purchases as Washington tightened sanctions on producers such as Rosneft and Lukoil.

Indian officials worry that new defense or energy deals with Moscow could trigger additional retaliation from Washington at a sensitive moment in U.S.–India trade talks.

Speaking to Indian media, Peskov dismissed concerns over U.S. measures. “What matters to us is maintaining and increasing our business with India without interference,” he said.

Analysts say neither country is likely to abandon the relationship. Even if India further reduces its intake of Russian crude, Moscow remains indispensable as a supplier of parts for India’s large stock of Russian-made military platforms.

“There may be some reduction in energy purchases under U.S. pressure,” said Nandan Unnikrishnan of the Observer Research Foundation in New Delhi, “but the overall direction of the ties will be maintained because both countries need each other at the strategic level.”

Bilateral trade reached $68.7 billion in 2024–25, nearly six times the pre-pandemic figure, though Indian exports accounted for less than $5 billion. New Delhi has been pressing Moscow to open more space for Indian pharmaceuticals, automobiles and service-sector companies.

Analysts say the visit gives both leaders an opportunity to assess the geopolitical landscape, including the war in Ukraine, and signal continuity in the partnership.

“For India, the optics underscore its commitment to strategic autonomy, and for Putin—who rarely travels—the trip highlights the importance he places on the relationship,” said Harsh V. Pant of King’s College London.

A senior Indian Foreign Ministry official, speaking anonymously, described Russia–India ties as among the “most stable relationships in modern times,” urging observers to view the visit in its bilateral context.

“This is just another annual summit between two countries with a steady relationship,” the official said.

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World

Russia says no Ukraine compromise after five-hour Putin meeting with Trump envoys

The late-night meeting at the Kremlin brought together Putin, Trump’s special envoy Steve Witkoff, and Trump’s son-in-law Jared Kushner.

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Russia and the United States failed to reach a compromise on a potential peace deal to end the war in Ukraine following five hours of talks between President Vladimir Putin and U.S. President Donald Trump’s top envoys, the Kremlin said on Wednesday.

The late-night meeting at the Kremlin brought together Putin, Trump’s special envoy Steve Witkoff, and Trump’s son-in-law Jared Kushner. The discussions stretched past midnight but produced no breakthrough, according to Kremlin foreign policy aide Yuri Ushakov.

“Compromises have not yet been found,” Ushakov told reporters. “There is still a lot of work to be done.”

He said Putin reacted negatively to some U.S. proposals and that the two sides remained divided on key issues, including the “territorial problem” — Russia’s claim to the entire Donbas region.

Ukraine continues to control roughly 5,000 square kilometers of territory that Moscow asserts as its own, although almost all countries recognize Donbas as part of Ukraine.

Witkoff later visited the U.S. Embassy in Moscow to brief the White House, Ushakov said.

While describing the talks as “constructive,” Ushakov stressed that no meeting between Putin and Trump is planned at this stage. He added that both sides had agreed not to disclose further details of the discussions.

Trump, speaking earlier in Washington, called the conflict “a mess” and said his envoys were in Moscow to explore whether a settlement was possible. He cited casualty estimates of 25,000 to 30,000 per month in the ongoing war.

Russia launched its full-scale invasion of Ukraine in February 2022, triggering the most severe confrontation between Moscow and the West since the Cold War.

Concerns Among European Allies

The talks come amid unease in European capitals after a leaked set of 28 draft U.S. peace proposals appeared in November, prompting fears that Washington was leaning too far toward Moscow’s demands. European powers subsequently drafted counter-proposals, and U.S. and Ukrainian officials said they had produced an “updated and refined peace framework” during follow-up discussions in Geneva.

Ukrainian President Volodymyr Zelenskiy, speaking in Dublin, said he feared the U.S. might lose interest in the peace process and warned against negotiations taking place “behind Ukraine’s back.”

“There will be no easy solutions,” he said. “It is important that everything is fair and open.”

Just hours before meeting Witkoff and Kushner, Putin said Russia did not seek war with Europe but warned that any conflict would end “so swiftly” that negotiations afterward would be meaningless. He also threatened to cut Ukraine’s access to the sea in response to recent drone attacks on Russia’s “shadow fleet” in the Black Sea.

Ukraine’s foreign minister, Andrii Sybiha, said Putin’s remarks showed he was not prepared to end the war.

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World

Pope Leo: Palestinian state ‘only’ solution to Israeli conflict

Leo, who usually prefers using careful, diplomatic language, ramped up criticism earlier this year of Israel’s military campaign in Gaza.

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Pope Leo said on Sunday that the only solution in the decades-long conflict between Israel and the Palestinian people must include a Palestinian state, reaffirming the Vatican’s position.

“We all know that at this time Israel still does not accept that solution, but we see it as the only solution,” Leo, the first U.S. pope, told journalists on a flight from Turkey to Lebanon during his first in-flight press conference.

“We are also friends with Israel and we are seeking to be a mediating voice between the two parties that might help them close in on a solution with justice for everyone,” added the pope, speaking in Italian.

Israel’s Prime Minister Benjamin Netanyahu has reaffirmed opposition to a Palestinian state after even its biggest ally the U.S. indicated support for Palestinian independence.

Leo spoke in a brief eight-minute press conference focused on his visit to Turkey, which he visited from Thursday to Sunday on his first overseas trip since election in May as leader of the 1.4 billion-member Catholic Church.

The pope said he and Turkish President Tayyip Erdogan discussed both the Israel-Palestinian and Ukraine-Russia conflicts. Turkey has an important role to play helping end both wars, Leo said.

During his visit to Turkey, the pope warned that humanity’s future was at risk because of the world’s unusual number of bloody conflicts and condemned violence in the name of religion.

Leo, who usually prefers using careful, diplomatic language, ramped up criticism earlier this year of Israel’s military campaign in Gaza.

Turkey is predominantly Muslim but is also home to Ecumenical Patriarch Bartholomew, spiritual leader of the world’s 260 million Orthodox Christians.

Leo praised Turkey as an example of religious co-existence.

“People of different religions are able to live in peace,” said the pope. “That is one example of what I think we all would be looking for throughout the world.”

Leo is visiting Lebanon until Tuesday, when he returns to Rome.

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