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Volodymyr Zelensky, Ukraine's president, during a news conference in the Indian Treaty Room on the White House complex, in Washington, DC, US, on Dec. 12, 2023. (Al Drago / Getty Images)
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Editor's note: This story has been updated with a comment from President Volodymyr Zelensky.

The meeting between President Volodymyr Zelensky and U.S. Vice President JD Vance at the Munich Security Conference has been postponed to allow the U.S. time to review a draft memorandum of partnership submitted by Kyiv, a source in the Zelensky's Office told the Kyiv Independent on Feb. 14.

The postponement comes as the U.S. considers a proposed minerals agreement that could link future aid to Ukraine with access to its rare earth mineral reserves.

U.S. Treasury Secretary Scott Bessent delivered a draft of the agreement to Zelensky during a visit to Kyiv on Feb. 12. Ukraine finalized and handed over the memorandum to the U.S. side, which requested additional time to review the document until 5 p.m.

During his press conference, Zelensky confirmed that the meeting with Vance would take place later in the day.

The draft memorandum is part of broader discussions on a potential minerals agreement, which U.S. President Donald Trump has suggested could involve access to Ukraine's mineral reserves in exchange for continued military and financial support.

Zelensky has expressed openness to such an arrangement, saying that Ukraine is willing to grant U.S. companies access to minerals in exchange for sustained support from Washington.

The proposed minerals agreement could mark a significant shift in U.S.-Ukraine relations, tying economic cooperation to security assistance.

3 lessons from Minsk II for the US in a future Russia-Ukraine peace deal
The following op-ed is based on a broader report by the Institute for the Study of War (ISW), published on Feb. 11, 2025. Some peace deals lead to peace; others lead to more war. The Minsk II deal, aimed at ending Russia’s initial invasion of Ukraine in 2014, instead

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