**US Treasury Secretary Hails “Win-Win” Deal with Ukraine, Sees Reset in Relations**
In an interview on Fox Business on May 1, US Treasury Secretary Scott Bessent touted the success of the recently signed minerals agreement between Ukraine and the United States. The deal, which was finalized on April 30, establishes a joint investment fund in Ukraine and marks a significant development in relations between the two countries.
**A Total Economic Partnership**
Bessent described the agreement as “a total economic partnership,” going beyond just rare earths to include infrastructure, energy, and other areas. He emphasized that both sides have the opportunity to benefit from this deal, creating a win-win situation for Ukraine and the US.
The signing of the minerals agreement follows months of negotiations between the two countries, which had previously fallen apart in late February due to a heated argument between President Volodymyr Zelensky and former US President Donald Trump. However, with the deal now in place, Bessent sees an opportunity for Ukraine and the US to present a united front against Russia.
**A Strong Signal to Russian Leadership**
Bessent believes that the minerals agreement sends a strong signal to Russian leadership that there is no daylight between Ukraine and the US. He also thinks it gives President Trump the ability to negotiate with Russia on a stronger basis, as opposed to the tensions that had previously existed between the two countries.
**Security Guarantees Not Included**
While the current deal does not contain any security guarantees, Ukrainian officials have hinted that additional assistance, such as air defense systems, may be provided. Bessent also emphasized the importance of economic security and national security, stating that a strong Ukraine will help Ukrainians maintain their national security.
**Peace Deal Negotiations Continue**
The Treasury Secretary’s comments come amid ongoing peace deal negotiations led by the US. However, Trump has reportedly grown frustrated with the pace of negotiations, suggesting in recent days that Russian President Vladimir Putin may be “just tapping” him along.
**Skepticism from Lawmakers**
The minerals agreement has received some skepticism from lawmakers due to a lack of details about how it will work and what benefits it will bring. While revenues from Ukraine’s licenses will be added to the fund, it remains unclear how the Trump administration will encourage America’s private sector to invest in Ukrainian projects.
**Zelensky Hails Agreement as “Fair Terms”**
Ukrainian President Zelensky has hailed the agreement as “a partnership on fair terms,” and said it could attract further American support. The peace deal, which is yet to be ratified by the Ukrainian parliament, remains a crucial development in relations between Ukraine and Russia.
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