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Zelensky to sign US minerals deal soon, Waltz says

3 min read
Zelensky to sign US minerals deal soon, Waltz says
Michael Waltz speaks on stage on the third day of the Republican National Convention at the Fiserv Forum on July 17, 2024, in Milwaukee, Wisconsin, U.S. (Leon Neal/Getty Images)

U.S. National Security Advisor Mike Waltz said on Feb. 21 that President Volodymyr Zelensky is expected to sign a minerals deal with the U.S. "in the very short term," the Guardian reported.

"President Zelensky is going to sign that deal, and you will see that in the very short term," Waltz said at the Conservative Political Action Conference. "And that is good for Ukraine. What better could you have for Ukraine than to be in an economic partnership with the United States?"

Waltz also predicted that U.S. President Donald Trump would be awarded the Nobel Peace Prize for his efforts to negotiate an end to Russia's war in Ukraine.

His comments follow reports that the Trump administration has presented Kyiv with a revised version of a minerals agreement after Zelensky rejected an initial proposal.

Axios reported on Feb. 20 that U.S. officials made changes to align the deal with Ukrainian law, while some of Zelensky's aides have encouraged him to sign it to avoid further tension with Washington.

Following his meeting with Trump's special envoy for Ukraine, Keith Kellogg, on Feb. 21, Zelensky signaled Kyiv's openness to a "strong, beneficial agreement" with the U.S. on investments and security.

Russia may offer frozen assets for Ukraine’s reconstruction, demand funds for occupied territories, Reuters reports
According to Reuters, one source familiar with Moscow discussions said Russia could agree to allocate up to two-thirds of frozen assets for Ukraine’s reconstruction, provided accountability guarantees.

The initial U.S. proposal reportedly sought a 50% stake in Ukraine's natural resources, including critical minerals, oil, and gas, as well as stakes in ports and other key infrastructure through a joint investment fund.

The document was delivered to Zelensky during U.S. Treasury Secretary Scott Bessent's visit to Kyiv last week. Ukraine's leader previously said Kyiv was not ready to sign the document as it lacked concrete security guarantees.

The issue has become a key sticking point in U.S.-Ukraine relations, as Trump has linked future aid to trade deals with Ukraine.

Trump has made multiple controversial statements about Ukraine in recent days, including calling Zelensky a "dictator" and falsely claiming that he refuses to hold elections.

His remarks ignore the fact that Ukraine's constitution prohibits elections during martial law, which has been in effect since Russia launched its full-scale invasion in 2022.

U.S. Vice President JD Vance also criticized Zelensky on Feb. 19, calling his remarks about Trump "counterproductive" after the Ukrainian president dismissed Trump's claim that his support among Ukrainians had fallen to 4%, labeling it Russian disinformation.

A Feb. 19 poll by the Kyiv International Institute of Sociology (KIIS) showed that 57% of Ukrainians trust Zelensky, a five-point increase since December.

63% of Ukrainians approve of Zelensky as president, poll shows
Some 26.1% of Ukrainians said they completely approve Zelensky, while another 36.9% said they tend to approve him. The overall figure is higher than in polls conducted years before Russia’s full-scale invasion, as well as in the spring of 2024.
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Tim Zadorozhnyy

News Editor

Tim Zadorozhnyy is a news editor at The Kyiv Independent. Based in Warsaw, he is pursuing studies in International Relations, focusing on European Studies. Tim began his career at a local television channel in Odesa. After moving to Warsaw, he joined the Belarusian opposition media outlet NEXTA, starting as a news anchor and later advancing to the position of managing editor.

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