Revised US mineral deal lacks security guarantees for Ukraine: Report

ISTANBUL

Ukraine is “seriously” considering a revised US proposal for access to its natural resources, but the deal lacks security guarantees, The New York Times claimed Saturday.

The proposal, which requires Ukraine to cede half of its revenues from minerals, gas, oil, and infrastructure, was previously rejected due to Kyiv’s demand for security assurances. However, the revised version does not include any such guarantees or commitments for US support in the ongoing war, according to a draft document reviewed by the news outlet.

The draft indicates that revenue from Ukraine’s natural resources would be directed to a US-controlled fund, with Ukraine contributing until it reaches $500 billion -- the amount President Donald Trump has reportedly demanded in exchange for aid.

Under the agreement, the US could reinvest a portion of the funds into Ukraine’s postwar reconstruction, including infrastructure and subsoil assets.

The deal also includes provisions concerning territories currently under Russian control, stipulating that 66% of revenues from those areas would be allocated to the fund if they are reclaimed by Ukraine.

While the agreement could be finalized by Saturday, delays remain possible, as President Volodymyr Zelenskyy has previously opposed its terms.

Last week, US National Security Adviser Michael Waltz urged Ukraine to reconsider, describing the offer as a “historic opportunity” for co-investment in Ukraine’s economy and resource sector. He argued that the partnership would provide long-term economic benefits beyond military assistance.