A new economic deal between the U.S. and Ukraine aims to give America better access to important minerals, which could help Ukraine defend itself against Russia. This agreement, announced on Wednesday, involves developing various projects for minerals, oil, and gas, with the U.S. providing either financial or military support to Ukraine. The deal covers 55 minerals, including rare earth elements that are essential for making high-tech products, especially since there are concerns about China’s restrictions on these materials. Ukrainian officials have stated that the money made from this deal will not go toward paying back past U.S. aid but will be used for future investments instead. Although Ukraine has about 5% of the world’s mineral reserves, it is unclear if these resources can be effectively developed because of outdated evaluations and ongoing conflict in the region. Experts believe that using Ukraine’s mineral resources could help reduce the West’s dependence on China for these important materials.
https://www.cbsnews.com/news/ukraine-minerals-deal-trump-what-to-know/
