Ukraine Rejects $500 Billion Proposal, Seeks Fair Deal with the U.S.
In a significant development, Ukrainian President Volodymyr Zelenskyy announced on Sunday that a contentious proposal by the Trump administration, which sought to compensate the U.S. with $500 billion in profits from Ukraine’s rare earth minerals in exchange for wartime assistance, has been withdrawn. The proposal, which Zelenskyy had previously rejected, was criticized for its lack of security guarantees and the immense financial burden it placed on Ukraine. Zelenskyy emphasized that the idea of framing aid as a debt to be repaid is a dangerous precedent, likening it to opening a “Pandora’s box.” He reiterated Ukraine’s stance that it does not recognize the proposed $500 billion as a debt and confirmed that this clause will not be included in the final agreement.
Ongoing Negotiations for a U.S.-Ukraine Mineral Partnership
Despite the withdrawal of the $500 billion proposal, negotiations between Ukraine and the U.S. continue, with both sides exploring a more equitable partnership to exploit Ukraine’s rare earth minerals. These minerals, including lithium, are critical for the aerospace, defense, and nuclear industries. Steve Witkoff, Trump’s special envoy to the Middle East, expressed optimism that a deal could be reached this week, allowing the U.S. to play a greater role in Ukraine’s mineral resources. Treasury Secretary Scott Bessent described the proposed partnership as a “win-win” for both nations, stating that the U.S. would benefit financially only if Ukraine also profits.
Zelenskyy’s Chief of Staff Holds Constructive Talks with U.S. Officials
Zelenskyy’s chief of staff, Andrii Yermak, and Economic Minister Yuliia Svyrydenko held discussions with U.S. officials, including Treasury Secretary Scott Bessent and National Security Adviser Mike Walz, to finalize the terms of a potential deal. Yermak later described the talks as “constructive” and expressed gratitude for U.S. support, calling America a “partner” of Ukraine. These negotiations highlight Ukraine’s efforts to secure a fair agreement that addresses its economic and security needs while maintaining its sovereignty.
Zelenskyy Open to Sacrificing Presidency for NATO Membership
In a bold statement, Zelenskyy revealed that he would be willing to step down as president if it ensured Ukraine’s entry into NATO and a lasting peace under the alliance’s security umbrella. His remarks were partly a response to recent suggestions by President Donald Trump and Russian President Vladimir Putin that Ukraine should hold elections despite being under martial law. Zelenskyy’s willingness to sacrifice his post underscores his priority of ensuring Ukraine’s long-term security and stability.
Europe Steps Up Support for Ukraine Amid U.S. Policy Shift
As the U.S. shifts its policy toward Russia, European leaders are intensifying their efforts to support Ukraine. European Union Commission President Ursula von der Leyen and other top EU officials traveled to Kyiv for talks with the Ukrainian government, aiming to devise a unified response to the Trump administration’s policy changes. The U.K. announced its largest sanctions package against Russia since the early days of the war, targeting Moscow’s military capabilities and revenue sources. British Prime Minister Keir Starmer and French President Emmanuel Macron are also scheduled to visit Washington this week to urge Trump not to abandon Ukraine in pursuit of a peace deal with Russia.
Russia Escalates Attacks as International Sanctions Intensify
Despite diplomatic efforts, the conflict in Ukraine continues to escalate. On the eve of the three-year anniversary of Russia’s full-scale invasion, Russia launched a record 267 drone attacks on Ukraine, marking the largest single assault of its kind since the war began. Ukraine’s air defense forces successfully downed 138 drones, but the attacks still resulted in casualties, including the death of a civilian in Kryvyi Rih. In response to the ongoing violence, New Zealand announced additional sanctions targeting 52 individuals and entities linked to Russia’s military and energy sectors, as well as its forced relocation and reeducation of Ukrainian children. These measures reflect the international community’s growing resolve to hold Russia accountable for its actions while supporting Ukraine’s resilience in the face of relentless aggression.
