Ukraine and the United States are “very close to a final deal” on mineral rights, President Trump said Monday, adding that the war-torn country’s President, Volodymyr Zelensky, may visit Washington “this week or next week” to sign the agreement.
“I think we’ve made a lot of progress,” Trump said of the rapidly advancing minerals deal during a White House press conference with French President Emmanuel Macron.
Macron commended Trump’s “decision to work with President Zelensky and to conclude this agreement,” and for “having substantive conversations with President Zelensky during this key phase of achieving this deal, which is a major commitment to Ukraine’s sovereignty.”
President Trump claimed that the United States and Ukraine are “very close” to a final deal on mineral rights. Ludovic Marin/Pool via AP
Volodymyr Zelensky sits with U.S Special envoy for Ukraine and Russia retired Gen. Keith Kellogg on Feb. 20, 2025. ZUMAPRESS.com“I wish to say, after speaking with President Trump, I fully believe that there is a path forward,” Macron said. “We share the same beliefs, we know what work needs to be done in the weeks to come.”
“Our teams will come together in various formats to make sure that we have this solid lasting peace with great strength.”
Kyiv had offered to sign the deal in Washington during a meeting of the countries’ leaders, and “nearly all key details” had been finalized, Ukrainian Minister of Justice Olga Stefanishyna, who also serves as a deputy prime minister, said in a post to X earlier Monday.
“The negotiations have been very constructive, with nearly all key details finalized,” Stafhishyna said. “We are committed to completing this swiftly to proceed with its signature.”
“We hope both US and [Ukrainian] leaders might sign and endorse it in Washington the soonest to showcase our commitment for decades to come,” she added.
The agreement, valued at up to $500 billion, has inched toward completion after Trump and his special envoy to the region, retired Gen. Keith Kellogg, engaged in a round of good cop-bad cop with the Kyiv government.
While the president spent the early part of last week blasting Zelensky as a “dictator,” the general spent three days in the Ukrainian capital, holding a series of intense negotiations with leaders including Zelensky.
Little additional information about the agreement has been shared since Friday, though Ukrainian Economy Minister Yulia Svyrydenko and Andrii Yermak, head of the Office of the President, excused themselves from a Sunday forum on the three-year anniversary of Russia’s full-scale invasion to continue talks with Washington.
Trump made the remarks in the Oval Office ahead of a meeting with French President Emmanuel Macron. Bonnie Cash/UPI/Bloomberg via Getty ImagesSupport for a mineral deal has been steadily growing among Ukrainians as Kyiv considers the state of its post-war economy, Ukrainian experts told The Post.
Tapping into Ukraine’s resources — literally — is a potential key piece of the plan. While the country has been mining ore since Soviet times, interest in expanding the market is a relatively new phenomenon, and the US could play a role in helping doing so, former Ukrainian Minister of Infrastructure Oleksandr Kubrakov told The Post on Monday.
“What we need from [the US] side is investments and technologies. Because again, be realistic … we were not able to construct even one new mine during 30 years of independence [from the Soviet Union.],” he said.
While Ukraine is rich in both critical and rare-earth minerals, it would still take roughly five to seven years to build the necessary infrastructure to drill and process the resources needed to make a substantial profit, Kubrakov and Ukrainian mining industry sources told The Post.
“American business can play a significant role in the security of the region. Especially such as the extraction of rare earth metals and minerals, which requires huge investments that America will then protect,”
Still, some in Ukraine — without seeing the details of the arrangement — consider the potential deal predatory and say it should be rejected, with a protest planned for Tuesday outside the US embassy in Kyiv.
Trump said Zelensky might travel to the US to sign the deal either this week or next week. Photo by Chip Somodevilla/Getty Images)However, there is a growing sentiment that a mineral-rights agreement could give Trump a tangible reason to protect Ukraine from Russia and boost both the US and Ukraine’s economy.
“We need to do everything we can to demonstrate to the [Trump] administration our place and role in their strategy to show them that we can be beneficial,” Chief of the Main Directorate of Intelligence of Ukraine Kyrylo Budanov told The Post in Kyiv on Monday.
“At the same time, we need to be introducing them to our strategic interests and our concepts we have in our minds. And this will lead us to a kind of common understanding and common position.”
Zelensksy at a meeting wit h European leaders in Kyiv on Feb. 24, 2025. UKRAINIAN PRESIDENTIAL PRESS SERVICE/AFP via Getty ImagesOn Sunday, Zelensky told The Post that any deal needs to include security guarantees for Ukraine against Russia in writing, beyond the promise of US investment.
“I know that the United States of America believes that this agreement is part of the security guarantees, and I would really like to [agree], but it should be written [in the deal] that these are security guarantees and not just for you and me to say that we think [that’s the case],” he said.
If the document is “purely a business deal,” a prominent Ukrainian political analyst and active-duty soldier who wished to remain anonymous told The Post, putting such an understanding in writing could preserve the agreement’s benefits for the United States, as well.
“If this happens, the deal signals to Putin some red lines of US interests in Ukraine,” he said. “The problem is if the deal is unfair, it will be torn apart by the next [Ukrainian] president.”







