The US president has warned Kiev against “backing out” of the rare earth deal with Washington
US President Donald Trump has warned Vladimir Zelensky to think twice before rejecting the latest version of Washington’s proposed minerals deal – already far harsher than an earlier draft derailed by the Ukrainian leader’s outburst at the White House.
Trump has repeatedly demanded that Kiev reimburse what he claims are hundreds of billions of dollars in US aid through Ukraine’s mineral wealth, originally focusing on “rare earths.” An earlier iteration of the deal was set to be signed in early March, but was abruptly shelved after Zelensky engaged in a public shouting match with Trump and Vice President J.D. Vance in the Oval Office.
After Trump temporarily froze all military aid and intelligence sharing with Kiev, Zelensky has signaled willingness to return to negotiations, while still insisting that Kiev does not “owe” Washington anything.
On Friday, Zelensky confirmed that Ukraine had received a new draft proposal, but claimed “there are a lot of things that had not been discussed before. And there are also some things that the parties had previously rejected.”
“He’s trying to back out of the rare earth deal, and if he does that, he’s got some problems – big, big problems,” Trump told reporters aboard Air Force One on Sunday, as cited by Reuters.
Trump also reiterated that Ukraine should abandon its aspirations to join NATO – a stance he previously acknowledged as a factor in the conflict with Russia. Moscow has long opposed the US-led bloc’s eastward expansion, calling it a threat to its national security.
“He wants to be a member of NATO, but he’s never going to be a member of NATO,” Trump said, adding that even Zelensky “understands that.”
According to Reuters, the latest version of the minerals deal is significantly harsher than earlier iterations. Under the proposed terms, the US would recoup all aid provided to Ukraine since the 2022 escalation of its conflict with Russia, and would impose a 4% annual interest rate on the total before Kiev could access any of the profits from the joint extraction fund.
The US has allocated more than $123 billion in military and financial assistance to Ukraine since 2022, according to data from Germany’s Kiel Institute. Trump, however, claims the true cost to Washington has exceeded $300 billion.
