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President Donald Trump announced that Ukrainian President Volodymyr Zelensky will visit the White House on Friday as the two sides work toward finalizing an agreement over the Trump administration’s pursuit of repayment for previous U.S. military support.
“We want to get that money back,” Trump said in the Oval Office on Tuesday, though he did not confirm that the deal had been finalized.
While some details remain unknown, the framework of the proposal is that the United States would “provide a long-term financial commitment to the development of a stable and economically prosperous Ukraine” in exchange for Ukraine contributing 50% of its revenue from minerals, oil and gas, its infrastructure, and its ports to an investment fund comanaged with the U.S.
U.S. security guarantees to Ukraine do not appear to be part of the deal.
When Treasury Secretary Scott Bessent proposed the deal to Zelensky earlier this month, the Ukrainian president rejected the offer. It was a moment that ultimately led to a cascade of events that threatened further U.S. support for the besieged nation.
In the aftermath of Zelensky’s rejection, he and Trump exchanged insults. Trump called Zelensky a dictator and blamed him for Russia’s invasion of Ukraine, to which Zelensky claimed the U.S. president was living in a “disinformation space.”
Several U.S. officials said Trump was frustrated by the comment and urged Zelensky to “tone it down,” while Vice President JD Vance warned that “everyone who knows the president will tell you” that “badmouthing” him “is an atrocious way to deal with this administration.”
The Zelensky-Trump tiff comes as the administration seeks to end the Russia-Ukraine war and has signaled a willingness to work with Russian President Vladimir Putin to accomplish that. European officials have raised concerns that such a deal could require Kyiv to make concessions to Moscow.
U.S. and Russian senior officials met last week in Riyadh, Saudi Arabia, to initiate the conversations, and the leaders agreed to start the resumption of diplomatic missions. Following the meeting, Secretary of State Marco Rubio teased the possibility of “incredible opportunities” that the U.S. and Russia could partner on if the war “comes to an acceptable end.”
Several U.S. officials have also declined to publicly acknowledge Russia’s responsibility in starting its full-scale invasion of Ukraine in February 2022.
Trump’s Middle East envoy, Steve Witkoff, said over the weekend that Russia was “provoked” to invade Ukraine, while Mike Waltz, the president’s national security adviser, declined to say last week whom the president believes is “more responsible for the Russian invasion of Ukraine” or whether Trump believes Putin is a dictator after the U.S. leader called Zelensky one.
US-UKRAINE RELATIONSHIP REACHES INFLECTION POINT ON THIRD ANNIVERSARY OF WAR
The Trump administration’s strong push to end the war and restart relations with Moscow is a drastic reversal in Washington compared to the Biden administration, which provided Ukraine with tens of billions of dollars worth of military aid over nearly three years with the intent of strengthening Kyiv’s security and stopping Russian aggression.
The Biden administration rallied NATO at the beginning of the conflict to support Ukraine’s defense. Its common refrain was that the U.S. would support Ukraine as long as it took.
Christian Datoc contributed to this report.