US taxpayers “deserve to be recouped” for the billions of dollars Washington “invested” in the Ukraine conflict, Michael Waltz says
Washington expects Kiev to repay the US for the “investments” it has made in the Ukraine conflict, US National Security Advisor Michael Waltz told Fox News on Sunday. He argued that repaying the American people would be the best way for Ukraine to ensure continued assistance in the future.
Waltz’s remarks came after Ukrainian leader Vladimir Zelensky reportedly “politely declined” to sign a document granting the US rights to 50% of Ukraine’s future mineral reserves, allegedly seeking a “better deal.” Former US President Donald Trump has recently demanded the “equivalent of $500 billion worth of rare earths” from Ukraine in exchange for what he estimates to be “more than $300 billion” that Washington has provided to Kiev in various forms of aid amid its conflict with Moscow.
“The American people deserve to be recouped, deserve to have some type of payback for the billions they have invested in this war,” Waltz said on Sunday. “I can’t think of anything that would make the American people more comfortable with future investments than if we were able to be in a partnership and have the American people made whole.”
The national security advisor added that Zelensky “would be very wise to enter into this agreement with the United States.”
Zelensky has previously stated that he wants to establish a mutually beneficial “partnership” rather than simply handing over Ukraine’s natural resources. Meanwhile, his prime minister, Denis Shmigal, has proposed granting the EU access to Ukraine’s resources in exchange for cooperation with Kiev and investments in the country’s reconstruction.
Waltz also claimed that the US “has borne the brunt” of Western military and financial aid to Kiev. Officially, the US Congress has authorized roughly $175 billion for Ukraine since 2022, though a significant portion of that funding has gone to American industries and government activities related to the conflict. According to Germany’s Kiel Institute for the World Economy, as of October 2024, the US had provided Ukraine with approximately $92 billion in financial and military assistance, while EU nations and the UK had allocated a combined $131 billion.
A 2024 World Economic Forum report noted that Ukraine “holds immense potential as a major global supplier of critical raw materials” essential for defense, high-tech, and green energy industries. The country has Europe’s largest titanium and lithium reserves, though these are not classified as rare-earth elements.
Zelensky has previously acknowledged that much of Ukraine’s mineral-rich territory is now under Russian control. According to Forbes, around $7 trillion worth of Ukraine’s former mineral wealth is located in the Donetsk and Lugansk People’s Republics, which joined Russia in 2022.
