Monday, March 3, 2025

‘No credible evidence’ that Ukraine has rare earth minerals, says Northeastern expert

from Northeastern University

A deal that would give the U.S. a share of Ukraine’s critical raw minerals could set the Eastern European country on a path to peace — but many of the details are still to come.

The proposed agreement would establish a joint “reconstruction investment fund” controlled by the U.S. and Ukraine into which Ukraine would contribute 50% of the revenue from “all relevant government-owned natural resource assets.” President Donald Trump has touted the deal, which does not currently include security guarantees for Ukraine, as a way to recuperate U.S. investments in aid for Ukraine’s war effort against Russia. 

Congress had appropriated roughly $174 billion over the last several years intended as aid for Ukraine. Trump initially said he wanted up to $500 billion in potential revenue from the arrangement...

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