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US, Ukraine agree to terms of critical minerals deal
One of the sources familiar with the deal said future weapons shipments are still being discussed between Washington and Kyiv.

The U.S. and Ukraine have agreed on the terms of a draft minerals deal central to Kyiv’s push to win Washington’s support as President Donald Trump seeks to rapidly end the war with Russia, two sources with knowledge of the matter said on Tuesday.
A source familiar with the contents of the draft agreement said that it does not specify any U.S. security guarantees or continued flow of weapons but says that the United States wants Ukraine to be “free, sovereign and secure.”
One of the sources familiar with the deal said future weapons shipments are still being discussed between Washington and Kyiv.
Trump told reporters that Ukrainian President Volodymyr Zelenskiy wants to come to Washington on Friday to sign a “very big deal.” This came after the two leaders exchanged hostile words last week.
The U.S. president, who has cast the deal as a repayment for billions of dollars in aid to Kyiv, also said some form of peacekeeping troops are needed in Ukraine if an agreement to end the conflict is struck. Moscow, which launched an invasion of Ukraine three years ago, has refused to accept any deployment of NATO forces.
Some European countries have said they would be willing to send peacekeeping forces to Ukraine. Trump said on Monday that Moscow would accept such peacekeepers, but the Kremlin denied that on Tuesday.
Trump’s rush to impose an end to Russia’s war in Ukraine and his lurch toward Moscow has stoked fears of far-reaching U.S. concessions to Russian President Vladimir Putin that could undermine security in Ukraine and Europe and alter the geopolitical landscape.
Trump last week falsely called Zelenskiy an unpopular “dictator” who needed to cut a quick peace deal or lose his country. The Ukrainian leader said the U.S. president was living in a “disinformation bubble.”
Officials on both sides have agreed to the draft and advised it should be signed, the sources said.
The deal could open up Ukraine’s vast mineral wealth to the U.S.
“What we’re doing is now we’re saying, look, we want to be secured,” Trump said. “The American taxpayer now is going to get their money back, plus.”
Zelenskiy refused to sign an earlier draft of a minerals agreement as Washington sought rights to $500 billion in Ukraine’s natural wealth. Kyiv protested it had received far less than that in U.S. aid and the deal lacked the security guarantees Ukraine needs.
Under the terms of a draft minerals agreement, according to sources familiar with its contents, the United States and Ukraine would establish a Reconstruction Investment Fund to collect and reinvest revenues from Ukrainian sources including minerals, hydrocarbons and other extractable materials.
Ukraine would contribute to the fund 50% of the revenue minus operating expenses and continue until the contributions reach the sum of $500 billion. The United States would provide a long-term financial commitment to the development of a “stable and economically prosperous Ukraine.”
Asked what Ukraine would get in return for the minerals deal, Trump cited what he said was $350 billion already provided by the U.S. “and lots of … military equipment and the right to fight on.”
Scott Anderson, a fellow in governance studies at the Brookings Institution, said that while the minerals deal would look like “a kind of piracy” to much of the world it is necessary to get buy-in from Trump and Republican lawmakers.
“They say this gives him (Trump) real skin in the game. I think there is real logic to that,” Anderson said.
“I hear that he’s coming on Friday,” Trump told reporters. “Certainly it’s okay with me if he’d like to. And he would like to sign it together with me.”
European officials have been left flat-footed by Trump’s decisions to hold talks on ending the war in Ukraine with Russia, spurning both Kyiv and Europe, and by his administration’s warning that the U.S. was no longer primarily focused on Europe’s security.
A White House meeting could give Zelenskiy a chance to make his case for continued U.S. support directly to Trump, who last week falsely accused Kyiv of starting the war.
Ukraine has deposits of 22 of the 34 minerals identified by the European Union as critical, according to Ukrainian data. They include industrial and construction materials, ferroalloy, precious and non-ferrous metals, and some rare earth elements.
Ukraine’s reserves of graphite, a key component in electric vehicle batteries and nuclear reactors, represent 20% of global resources.
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Ariana Afghan Airlines increases flights to China

Ariana Afghan Airlines officials have announced that the company will operate two flights to the Chinese city of Urumqi every week from now.
“Ariana Afghan Airlines serves the people of Afghanistan in the sector in which it operates. Its responsibility is to control prices, and make as much profit as possible so that the company does not face problems,” Abdul Wali Seddiqi, head of Ariana Afghan Airlines, said at a ceremony to mark the occasion.
Ahmad Jan Bilal, head of state-owned companies, also noted that the increase in flights to China will help bilateral trade and people’s movement.
Meanwhile, Mohammad Naeem, deputy foreign minister for financial administrative affairs, emphasized that expanding economic, commercial and social relations between countries will have a positive impact on political relations.
“The more economic and trade relations expand, the stronger the relations between the two countries will be, and with that, political and other related issues will also be resolved,” he said.
Meanwhile, Chinese ambassador to Kabul, Zhao Xing, emphasized that his country is seeking to further enhance the level of relations with Afghanistan in various fields.
Direct flights between Kabul and Urumqi resumed in May 2023 after three years.
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Kazakhstan plans to invest $500 million in construction of Torghundi-Herat railway

Visiting Kabul, Kazakh Deputy Prime Minister Serik Zhumangarin said on Monday that Astana is ready to invest $500 million in the construction of the Torghandi-Herat railway line in adding that a logistics and transport company would be established in Herat province to advance the project.
According to a press release from the Office of the Deputy Prime Minister for Economic Affairs, the only thing Kazakh delegation also announced readiness to launch an internet cable project that would provide Afghanistan with affordable internet access.
Zhumangarin said that Kazakh investors are ready to invest in various sectors, especially in Afghanistan’s mines, oil and gas, and their technical teams are visiting Kabul in this regard.
During the meeting, the Kazakh side expressed its readiness to issue visas to Afghan businessmen, start flights between the two countries, cooperate on banking, enhance bilateral trade, and cooperate in the health and education sectors.
Meanwhile, Mullah Baradar stressed that Afghanistan has a firm will to strengthen economic and trade relations with Kazakhstan and other countries in the region and for this purpose, it has recently signed a draft roadmap to increase the volume of trade between Kabul and Astana to $3 billion.
According to the Deputy Economic Minister of the Prime Minister’s Office, with the implementation of this roadmap, there will be significant positive changes in various economic sectors such as trade, agriculture, mining, transport, transit, railway and industry and investments in these areas will increase.
Mullah Baradar said that the Islamic Emirate is ready to share investment opportunities in Afghanistan’s mines with Kazakhstan and sign agreements in the field of preservation and quarantine of agricultural and livestock products. The Deputy Prime Minister also stressed the need to expand banking relations between the two countries and joint cooperation in the development and exploration of Afghanistan’s oil fields.
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China invites IEA to attend SCO summit
The 25th SCO Summit is scheduled to be held in China in the second half of this year.

Afghanistan’s Ministry of Foreign Affairs has announced that Zhao Xing, China’s ambassador to Kabul, extended an invitation to the Islamic Emirate to participate in this year’s Shanghai Cooperation Organization (SCO) summit.
The invitation was extended during a meeting with Mohammad Naeem, the Deputy Minister for Finance and Administration of the Afghan Foreign Ministry.
In a statement released on Sunday, the ministry noted China’s interest in “expanding bilateral cooperation.”
The statement quoted Zhao as saying that China, as Afghanistan’s close neighbor, places “great importance on strengthening its relationship” with Afghanistan and is ready to take further steps toward developing ties between the two countries.
During the meeting, Naeem emphasized the importance of neighborly relations, saying:
“Afghanistan and China are neighboring countries, and maintaining positive relations between neighbors is essential for both sides.”
The Islamic Emirate was not invited to the SCO summit held in Islamabad on October 15–16, 2024.
Reports indicate that Afghanistan’s membership in the Shanghai Cooperation Organization has been inactive since September 2021. Afghanistan became an observer member of the SCO on June 7, 2012, but has not actively participated in the organization’s activities since joining.
The 25th SCO Summit is scheduled to be held in China in the second half of this year.
The summit will offer a platform for discussions on key issues including food security, energy, the environment, and the fight against terrorism.
The Shanghai Cooperation Organization, which represents 25% of global GDP and 40% of the world’s population, plays a key role in fostering economic, trade, and security cooperation among its member states.
In addition to the leaders’ summit, more than 40 related meetings of SCO mechanisms are expected to take place in China throughout the year.
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