Archive: https://archive.is/2025.03.27-163514/https://www.ft.com/content/896da2e5-daa5-4b4e-a51c-0aef4de95d36

The US is pushing for a sweeping new deal to control Ukraine’s critical minerals and energy assets, while offering Kyiv no security guarantees in return, in an aggressive expansion of its previous demands.

The new draft deal sent to Kyiv on Sunday and seen by the Financial Times goes well beyond an initial joint economic accord hammered out last month, as part of Donald Trump’s efforts to end Russia’s invasion of Ukraine and recoup billions of dollars’ worth of military assistance.

Kyiv officials said the proposal could undermine their nation’s sovereignty, route profits abroad and deepen its dependence on Washington.

The Trump administration’s new proposal would supersede the previous framework agreement on jointly developing Ukraine’s mineral resources agreed last month by Kyiv and Washington.

The deal would cover all mineral resources, including oil and gas, across the entire Ukrainian territory and enable state entities to participate in extraction activities.

This is a developing story