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The Economist
The Economist
1 May 2025


NextImg:A mineral deal with America points to a path ahead for Ukraine
Europe | A painful delivery

A mineral deal with America points to a path ahead for Ukraine

Both Donald Trump and Ukraine’s diplomats will consider it a success

LATE ON APRIL 30th, Ukraine and America reached agreement on a minerals deal that has been months—and much pain—in the making. Last-minute setbacks and ultimatums nearly derailed the signing, echoing the chaotic genesis of negotiations. First proposed by the Ukrainians to President Joe Biden last autumn as a trade of mineral rights for more weapons, the deal soon became a test of unquestioning loyalty to Donald Trump. Drafts were presented by his officials in angry ultimatums, before vanishing. One agreement unravelled spectacularly following a now infamous falling-out between Mr Trump and his Ukrainian counterpart, Volodymyr Zelensky, in the Oval Office.

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