President Volodymyr Zelenskyy of Ukraine announced on Sunday that a controversial proposal from the Trump administration to receive $500 billion in profits from Ukraine's rare earth minerals as compensation for wartime assistance has been withdrawn. Zelenskyy cited the absence of security guarantees and the exorbitant price tag as reasons for declining the initial draft agreement.
Zelenskyy emphasized that viewing aid as a debt to be repaid would set a problematic precedent, and Ukraine does not acknowledge such a debt. Negotiations are ongoing, with Ukraine insisting on security assurances to deter potential Russian aggression.
The U.S. Treasury Secretary and special envoy to the Middle East expressed optimism about reaching a mutually beneficial deal to enhance U.S. involvement in exploiting Ukraine's mineral resources. The proposed partnership aims to benefit both nations economically.
Zelenskyy Open to Sacrificing Presidency for NATO Membership
In a surprising statement, Zelenskyy indicated his willingness to step down from the presidency if it led to lasting peace in Ukraine under NATO's security umbrella. This offer comes amidst concerns over potential policy shifts by the Trump administration towards Russia, which have raised anxieties in Ukraine and Europe.
European Leaders Engage Amidst Policy Changes
European Union officials are set to meet with Ukrainian government representatives to discuss responses to evolving U.S. policies and ensure continued support for Ukraine. The U.K. plans to announce significant sanctions against Russia, emphasizing the need to weaken Russia's military capabilities and reduce its support for conflict in Ukraine.
Russia Launches Record Drone Strikes
Ukraine reported a significant increase in drone attacks by Russia, with 267 drones launched in a single night, resulting in multiple interceptions by Ukrainian forces. The escalation in hostilities underscores the ongoing tensions in the region.
For more updates on the situation in Ukraine, visit AP's coverage.
