KYIV, Ukraine — Ukraine will send a team to Washington next week to begin negotiations on a new draft of a deal that would give the U.S. access to Ukraine’s valuable mineral resources, Economy Minister Yuliia Svyrydenko told The Associated Press.
“The new draft agreement from the U.S. shows that the intention to create a fund or jointly invest remains,” Svyrydenko said Saturday, during a trip to northern Ukraine.
The delegation from Kyiv will include representatives from the Ministries of Economy, Foreign Affairs, Justice and Finance.
The long-running negotiations over a mineral deal have already strained relations between Kyiv and Washington. The two sides had been preparing in February to sign a framework agreement but the plan was derailed following a contentious meeting in the Oval Office between U.S. President Donald Trump, Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy.
After some Ukrainian lawmakers leaked the new draft, critics slammed it as little more than an attempt to strip Kyiv of control over its own natural resources and infrastructure. According to the leaked document, the new draft includes not only rare-earth minerals but gas and oil.
Ukraine holds significant deposits of more than 20 minerals deemed strategically critical by the U.S., including titanium, which is used to make aircraft wings, lithium, key to several battery technologies, and uranium, used in nuclear power.
After weeks of silence on the status of the deal, the U.S. sent a new draft to Kyiv, which goes further than the original framework.
It’s unclear why the U.S. chose to bypass the signing of the framework deal and instead moved forward with a more comprehensive draft agreement, which would likely require ratification by Ukraine’s parliament.
However, Ukrainian officials have been cautious about commenting on the contents of the draft, stressing that it currently reflects only one side’s position.
“What we have now is a document that reflects the position of the U.S. Treasury legal team,” said Svyrydenko. “This is not a final version, it’s not a joint position.”
“It’s clear that the full parameters of this agreement can’t be discussed online,” Svyrydenko said. “We need to sit down with the teams and continue the conversation in person.”