Bessent Clarified the US Position on Mineral Agreement with Ukraine.

US Treasury Secretary Steven Mnuchin revealed the details of a possible agreement with Ukraine regarding critical minerals. According to him, President Volodymyr Zelensky suggested to the US a stake in Ukrainian rare earth and critical minerals back in September.

According to information from the Financial Times, the United States does not intend to require Ukraine to give up its ores and will not force the country to accumulate debts. The terms of the agreement are aimed at combating corruption during Ukraine's recovery.

It is proposed that profits from future revenues will be invested in key sectors to ensure further development of Ukraine. Meanwhile, the US will not become owners of specific physical assets but will receive economic and management rights regarding the recovery fund.

Mnuchin also emphasized that the American-Ukrainian partnership has long-term prospects. He pointed to Poland as an example of successful cooperation, where the economy has tripled since 1992 and per capita income has significantly increased.

As part of the partnership, the creation of a special fund is envisaged, where profits from natural resources and infrastructure will be directed. The US will have economic and management rights in this fund, which will ensure transparency and create a legal framework for attracting large private investments.

According to NV, Ukraine has submitted new proposals regarding the future mining agreement through the US ambassador in Ukraine. President Zelensky plans to meet with President Trump next week for a personal discussion of the agreement. The US president's special envoy for Europe is heading to the US for a meeting with President Trump to discuss further steps regarding Ambassador Kellogg's visit to Ukraine.