Kiev should trade its natural resources for further American aid, the US president has recently said
FILE PHOTO: “Trudovskaya” mine, damaged amid hostilities, Donetsk Region, 2015. © Dan Levi / RIA Novosti Ukraine’s supporters must help push Russian forces out of the mineral-rich former territories of the country before investing in rare-earths, Ukrainian leader Vladimir Zelensky has said. US President Donald Trump stated on Monday that Ukraine must ensure a return on America’s $300 billion in aid through its rare-earth minerals. Speaking at the White House, he called for “equalization,” hinting at a deal involving these resources. It is not clear whether he was proposing a free supply or a discounted sale. Rare-earth minerals – 17 elements valued for their magnetic and electrochemical properties – are used in smartphones, EV batteries, and cancer treatment. Last week, Trump suspended all USAID programs, a US agency that funds global projects through humanitarian aid. The move halted numerous initiatives in Ukraine. “We have enough rare-earth metals, but Russia has occupied our lands since 2014,” Zelensky said on Tuesday in Kiev, responding to Trump. “We are open to them being developed by our partners who help us defend the land, push back the enemy with their weapons, presence, and sanctions. And this is absolutely fair.” READ MORE: Zelensky calls for nukes to ‘stop Russia’ He went on to say that he raised the issue of Ukraine’s mineral wealth with Trump in past meetings, warning that if Russia controls these resources, companies from other nations will exploit them. A 2024 World Economic Forum report highlighted Ukraine’s potential as a key supplier of raw materials vital for defense, aerospace, and green energy. Ukraine’s total mineral wealth was estimated at over $14.8 trillion in 2023, according to Forbes.
Read more Before the 2022 escalation of the Ukraine conflict, the country had Europe’s largest reserves of titanium and lithium, which are not rare-earths, but are critical for military industries, batteries, and capacitors. Around $7 trillion of Ukraine’s total mineral wealth is in its former Donbass regions of Donetsk and Lugansk, according to Forbes. Most of these territories came under Russian control after Donetsk and Lugansk voted to join Russia in 2022. Both declared independence in 2014 from Ukraine after the Western-backed Maidan coup in Kiev. Russian President Vladimir Putin cited the protection of people in Donbass as a key reason for launching the military operation in Ukraine. Resources in these territories are a major factor in the support of NATO member states for Kiev, Russian Foreign Minister Sergey Lavrov claimed in October 2024. “Their discourse revolves around territory and resources that they require in America,” he said. “Our concern is not territories, but people.”
