The United States has given an ultimatum to Ukraine peace negotiations, threatening withdrawal if progress isn't seen within days. Secretary of State Marco Rubio stated that the US needs to determine the feasibility of peace quickly. President Donald Trump confirmed the warning, emphasizing the need for swift action.
Rubio met with Macron, UK and German representatives, and a Ukrainian delegation in Paris. These discussions were deemed fruitful, aiming for convergence. Trump also stated that Moscow's response to a ceasefire proposal is expected this week.
A 30-day ceasefire proposal was made in March, accepted by Ukraine but with conditions from Russia. The partial truce on energy infrastructure attacks has ended.
A memorandum of intent was signed between Ukraine and the US regarding the exploitation of Ukrainian minerals. Ukraine's Economy Minister Yulia Sviridenko announced a pre-agreement with the US Treasury Department. This pre-agreement aims to pave the way for an Economic Partnership Agreement and the creation of an Investment Fund for Ukraine's Reconstruction.
The Prime Minister of Ukraine, Denis Shmihal, is set to meet with the US Treasury Secretary in Washington to finalize the agreement. The agreement focuses on resource exploitation but doesn't include debt repayment or security guarantees.
Concerns exist in the Ukrainian government about the potential loss of sovereignty with this agreement. Previous negotiations between Trump and Zelenski were strained due to disagreements over aid repayment. The agreement respects Ukraine's commitment to the EU and international financial institutions.