While it does not contain any concrete security guarantees, the agreement states the U.S. government "supports Ukraine's efforts to obtain security guarantees needed to establish lasting peace."
"It's now confirmed, and we're going to be signing an agreement which will be a very big agreement," U.S. President Donald Trump said on Feb. 26 during a White House cabinet meeting.
The company expects to finalize and announce the deal within the next two months, with most potential partners based in the U.S.
This figure includes not only direct damage but also indirect damage from disrupted logistics, increased fertilizer and fuel costs, expenses for land reclamation and demining, and occupied territories, Agriculture Minister Vitalii Koval said.
Trump said Zelensky would visit the White House on Feb. 28 to sign the deal, which gives Ukraine "military equipment and the right to fight on." He also said the U.S. was open to signing a minerals deal with Russia.
Key developments on Feb. 25: * Ukraine, US reach agreement on minerals deal * Russia's war objectives 'not yet achieved,' Kremlin's ambassador says * Reclaiming occupied territories possible but 'not easy' for Ukraine, Trump claims * Ukraine needs $524 billion for recovery, reconstruction after 3 years of Russia's full-scale war * Russia's Ryazan oil
According to the Financial Times, Ukraine secured more favorable terms and framed the deal as a way to strengthen ties with the U.S.
LATEST: Kyiv, Washington reach agreement on minerals deal. The media cycle around a natural resources deal between Washington and Kyiv has been nonstop as the two sides lock horns over an agreement that has escalated from speculative critical minerals to Ukraine’s fruitful oil and gas sector. The relationship between
The required reconstruction costs are 2.8 times higher than Ukraine's nominal GDP for 2024, according to a new report.
The EU paid 21.9 billion euros ($22.9 billion) for Russian fossil fuel imports in the third year of Moscow's invasion of Ukraine, exceeding the 18.8 billion euros ($19.6 billion) in financial aid sent to Ukraine that year, according to a new report by the Center for Research on Energy and Clean Air published on Feb. 24.
Among the bombshells coming out of the Trump administration in its first month in office is the president’s demand that Ukraine pledge $500 billion worth of mineral resources to the United States in return for American support. U.S. President Donald Trump appears to see this as payback for
Losses from Russian attacks amount to "billions of dollars," according to Energy Minister Herman Halushchenko.
"We are committed to completing this (deal) swiftly to proceed with its signature," Stefanishyna said on X. While praising the talks as "constructive," Deputy Prime Minister Stefanishyna did not provide any details on the deliberations or the content of the deal.
"Europe is here to strengthen Ukraine in this critical moment. I can announce that a new 3.5 billion euros ($3.7 billion) payment for Ukraine will arrive already in March," European Commission President Ursula von der Leyen said.
The new measures, announced on the third anniversary of the all-out war, target Russia's "shadow fleet" of oil tankers, banks, aluminum imports, and other sectors.
Australia has introduced the most extensive package of sanctions since the beginning of the all-out war, while New Zealand imposed restrictions on over 50 individuals and entities.
President Volodymyr Zelensky pushed back at the U.S.’ demand for a $500 billion deal for its natural resources, saying that the U.S.’s aid grants are not debts, during the Ukraine: Year 2025 forum in Kyiv on Feb. 23.
Umerov did not specify what the alternatives were or go into details about the discussions. Last month, the Digital Transformation Ministry told the Kyiv Independent that Starlinks were still a critical part of communication on the frontline and that a new order was underway.
Yulia Svyrydenko's comment comes as Kyiv and Washington negotiate a deal for Ukraine’s natural resources in return for support and security guarantees.
"I want them to give us something for all of the money that we put up," Trump said on Feb. 22. "We're asking for rare earth and oil — anything we can get."
The terms of the revised proposal are virtually the same as those of an earlier version rejected by President Volodymyr Zelensky, according to a draft dated Feb. 21.
Billionaire entrepreneur Elon Musk has denied reports that the United States threatened to shut off Starlink in Ukraine unless Kyiv agreed to a minerals deal. Responding to a report by Reuters, Musk called the claim "false" and accused the news agency of lying.
The U.S. first raised the prospect of shutting off Starlink service after Zelensky rejected the deal presented on Feb. 12. Starlink terminals are critical in securing Ukraine's battlefield communications.
"I think (the Ukrainians) want it. They feel good about it, and it's a significant — it's a big deal, but they want it, and it keeps us in that country, and they're very happy about it."
"We can adjust accordingly the return to our market of those who want to return," Russian President Vladimir Putin said, suggesting potential restrictions or conditions for Western firms looking to resume operations in Russia.
The EU is also looking to develop renewable energy faster to reduce its overall dependence on the fuel, EU Energy Commissioner Dan Jorgensen said.
The selection marks a milestone for Ukraine's tech sector, coming during the third year of Russia's full-scale invasion and following Endeavor's launch in the country in October 2024.
Within weeks of U.S. President Donald Trump saying he wanted to do a deal with Kyiv on its “rare earths and other things,” it became clear the U.S. wasn’t just interested in Ukraine’s critical minerals and rare earth elements. U.S. Treasury Secretary Scott Bessent visited
Ukraine's State Bureau of Investigation and Justice Ministry are preparing to nationalize Poltava Mining, a subsidiary of London-listed Ferrexpo, which is majority owned by oligarch Konstantin Zhevago, the SBI announced on Feb. 20.
"The purpose of these criminal attacks is to stop the production of gas needed to meet the household needs of citizens and centralized heating," Energy Minister Herman Halushchenko said.
The sources told Reuters that Trump wants to make a deal before potentially authorizing more U.S. military aid for Kyiv or moving forward with an attempt to broker formal Ukraine-Russia peace talks.
Oil prices remained near a one-week high on Feb. 19 as concerns over supply disruptions in Russia and the U.S. continued to drive the market.
The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.
(Updated: )
