Bloomberg: Ukraine disagrees with the terms of the resource deal.

Ukraine has rejected the terms of a new mineral extraction agreement proposed by the United States, which included the establishment of a joint fund amounting to $500 billion. This was reported by Bloomberg citing a source.

The fund was intended to offset the assistance provided by the U.S. to Ukraine since the onset of the Russian invasion. However, Ukraine claims that the actual amount of American aid is approximately five times less, totaling over $90 billion.

A source revealed that another sticking point in the negotiations was the lack of guarantees from the U.S. regarding future military and financial assistance.

According to Radio NV, citing sources, Ukraine has presented its proposals for the agreement to the U.S., suggesting a reduction of the fund to $100 billion. Sources indicate that Ukrainian officials shared their proposals with the U.S. Special Representative for Ukraine and Russia, Kurt Volker, who is currently heading back to the United States.

Recently, The New York Times reported that Ukraine received a new version of the agreement from the U.S., but some conditions were even stricter than those in the previous version, which were deemed burdensome in Kyiv. The terms require Ukraine to forfeit half of its revenues from natural resources, including minerals, gas, and oil, as well as from ports and other infrastructure.

The new document states that revenues from Ukraine's resources will be directed to a fund, in which the United States will hold a 100% financial share, while Ukraine will contribute to this fund until it reaches $500 billion.

• After taking office in January, U.S. President Donald Trump drastically changed the approach to foreign policy issues, taking diplomatic steps towards the Kremlin while simultaneously demanding that Ukraine provide its natural resources, including rare earth metals, to offset the military aid received from the previous American administration led by Joe Biden.
• Ukraine agreed to the prospect of partnership with the U.S. regarding its natural reserves to persuade Trump to provide additional support for its military efforts. President Volodymyr Zelensky is also seeking security guarantees for Ukraine, but this condition, according to reports on the deal, has yet to be met.