Latest News
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.
Latest News
Tajikistan says two soldiers killed in clash with militants near Afghan border
Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
Latest News
Medvedev: IEA posed less threat to Russia than western-backed groups
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Russia’s Deputy Chairman of the Security Council, Dmitry Medvedev, has said that the Islamic Emirate of Afghanistan (IEA) caused less harm to Russia than Western-backed civic organisations that, he claims, sought to undermine the country’s unity.
In an article published in the Russian journal Rodina, Medvedev wrote that while the IEA had long been designated as a terrorist organisation, its actions did not inflict the same level of damage on Russia as what he described as Western-supported institutions operating under the banner of academic or humanitarian work.
“Let us be honest: the Taliban (IEA) movement, long listed as a terrorist organisation, has caused modern Russia far less damage than all those pseudo-scientific institutions whose aim is to dismantle our country under the guise of aiding the oppressed,” Medvedev stated.
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Medvedev’s remarks come amid a shift in Russia’s official stance toward Afghanistan. In April, Russia’s Supreme Court suspended the ban on the Islamic Emirate of Afghanistan, which had previously been included on the country’s list of terrorist organisations.
-
Latest News2 days agoAfghanistan exports 10 containers of batteries to Saudi Arabia and UAE for first time
-
Latest News2 days agoPakistani cleric condemns lifetime immunity for Army Chief as un-Islamic
-
Latest News4 days agoAfghanistan signs 30-year deal for marble mining in Daikundi
-
Latest News4 days agoBush Institute criticizes Trump administration’s Afghan immigration freeze
-
International Sports2 days agoAriana News to broadcast key AFC Champions League Two clash
-
Regional2 days agoPakistan agrees to $4 billion arms deal with Libyan National Army
-
Health2 days agoAfghan Health Minister hails India visit as new chapter in bilateral ties
-
Latest News1 day agoPakistan’s actions target militants, not religious sites: Khawaja Asif
