Ukrainian President Volodymyr Zelensky sought to secure Donald Trump's support for Ukraine by offering exclusive access to the country's natural resources. This proposal, first discussed in September 2024 at Trump Tower, followed Trump's criticism of US aid to Ukraine.
Further meetings in Vatican City and Washington D.C. ensued, characterized by tense negotiations and disagreements over the terms of the deal. The US initially demanded 50% ownership of Ukrainian natural resources without guaranteeing further military aid, leading to heated arguments and the cancellation of a signing ceremony at the Oval Office.
The negotiations were marked by ultimatums, threats, and leaked information. Ukraine faced pressure to sign, with the US even halting military aid at one point. Ultimately, a compromise was reached: the US withdrew its demand for reimbursement of past aid, but Ukraine had to sign additional agreements. While seemingly a success, the long-term viability of the deal depends on Zelensky and Trump's relationship.
The agreement, signed in April/May 2025, grants the US access to Ukrainian resources but with a revised cost-sharing. The agreement's ultimate ratification and longevity hinges on the stability of the Zelensky-Trump relationship and the approval of the Ukrainian parliament. One opposition member commented that the outcome was 'better than the initial offer' but still not ideal.