Why did Zelensky give America minerals?

Ukrainian President Volodymyr Zelenskyy to US to Sign Minerals Agreement

Falgun 14, 2081

Kantipur Reporter

Why did Zelensky give America minerals?

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Ukrainian President Volodymyr Zelenskiy is finally ready to give ownership of minerals to the US. The two countries reached an agreement on mineral and reconstruction agreement on Wednesday. With the agreement, Ukrainian President Volodymyr Zelensky will visit America.

US President Donald Trump has said that Ukrainian President Zelensky is ready to sign the agreement. For that, Trump says that Zelensky will come to the White House this week. "I heard the Ukrainian president is coming on Friday," Trump told reporters in the Oval Office, "of course that's fine with me if he wants to." I understand, it's a big deal, a very big deal .' 

The two countries were talking about ownership of Ukrainian minerals for a few days. "We have actually agreed to it with some good modifications." We see this as a positive result," a senior Ukrainian official told the BBC.

The United States had previously claimed rights to Ukrainian 'rare earth metal' worth 5 billion US dollars, as well as natural resources including oil and gas. But the Financial Times has reported that the United States has retreated somewhat. But according to the BBC, the agreement did not ensure any guarantees about the security of Ukraine, which was previously held by Zelensky in the agreement.

Ukraine's Deputy Prime Minister Olga Staffnyshyn said the deal with the US is 'only one part of the whole picture', according to the Financial Times. "We have heard several times from the US administration that this is only part of the bigger picture," said Staffnisin, who led the talks with the US.

Ukrainian news website 'Ukrainska Pravda' is set to sign an agreement on minerals between the two countries . According to the website, there is also an agreement to create a reconstruction investment fund between the two countries.

According to Ukrainian Finance Minister Yulia Sviridenko, there are resources worth 3 trillion 59 billion dollars in the territory occupied by Russia. According to Nikhil Sekdev, a Canadian geohazard consultant, Russia has captured at least half of Ukraine's manganese, cesium, tantalum and rare earth reserves. Likewise, Secdev reported that Russia has captured 63 percent of Ukraine's coal mines.

Ukraine has billions of dollars worth of lithium, titanium and uranium reserves, as well as coal, gas and oil. It is estimated that Ukraine has 5 percent of the world's important raw minerals. According to the Ukrainian Geological Survey, Ukraine has 19 million tons of graphite. Graphite is used to make batteries used in electric vehicles . 

Similarly, Ukraine is the third richest country in Europe for lithium. Lithium is also currently used in batteries. Before the Russian invasion, Ukraine accounted for 7 percent of the world's titanium production. Light metal titanium is used for the construction of aircraft, power plants, etc. . 

In addition, Ukraine also has rare minerals called 'rare earths'. Dysprosium, neodymium and cerium are rare minerals that are 'rare earth' and are a group of 17 types of heavy metals. These rare minerals are needed to make electronics, military equipment, electrical equipment . 

The extraction of these minerals is expensive, complex and environmentally sensitive and is considered rare. From 'lightbulb' to 'guided missile', these minerals are used . For example, europium is used to make television screens. Cerium is used to polish lead and refine oil. Lanthanum helps make a car's 'catalytic converter' more efficient. Neodymium and dysprosium are essential to make permanent and powerful magnets. This makes it possible to install turbines in the ocean.

Earlier, Trump demanded that Ukraine should own half of the minerals in return for America's support in the war. But the demand was rejected by Zelensky. Because of this, the two leaders have a tough  had criticized . 

Trump said that the war started because of Zelensky. Zelensky accused Trump of being influenced by Russian disinformation. But Trump said that Zelensky is a "dictator" and that he is in office without an election. After Trump got angry, Zelensky seemed flexible about the compromise.

After realizing that it was not possible to move forward with the American administration, Zelensky became flexible . As Trump became closer to Russian President Vladimir Putin, the pressure on him increased . On top of that, the United States voted in favor of Russia in the United Nations. Because of this, after the Russian President Putin offered to cooperate with the United States to mine the rare minerals of Russia, including the occupied Ukrainian territory, there was no option to make a deal with Zelensky.

Even if the mineral deal is decided, Trump said that Ukraine has the right to continue the fight, according to the BBC. "They are very brave," Trump told reporters, "but without America, its money and its military equipment, this war would have been over in a very short time."

When asked about whether or not the US will issue military weapons and equipment to Ukraine, Trump said, 'It may happen until we reach an agreement with Russia . There must be an agreement between us. Until it continues .' Trump has said that peace should be established in Ukraine after a peace agreement that is acceptable to all.

On Tuesday, Trump said that the US has given 3 trillion to 3 trillion 50 billion dollars for Ukraine. "We want the money back," he said, "even though we have a very big problem, we are helping the country." But American taxpayers are now going to get that money back in addition .'

Ukrainian President Zelensky last September presented his Western partners with a victory plan for the war against Russia. In it, he proposed to give access to Western companies at the end of some of the country's mineral wars. But recently, due to the growing relationship between the US and Russia, Ukraine and its European allies have become somewhat wary. 

(with the help of agencies)

Kantipur

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