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Trump demands $500B in rare earths from Ukraine for continued support [View all]
Trump demands $500B in rare earths from Ukraine for continued support
“We have to get something. We can’t continue to pay this money,” U.S. president says.
February 11, 2025 7:09 am CET
By Seb Starcevic
American support for Ukraine has a price tag: $500B worth of mineral riches, said U.S. President Donald Trump.
In the second part of an interview with Fox News that aired late Monday, the Republican said the U.S. should get a slice of Ukraine’s vast natural resources as compensation for the hundreds of billions it has spent on helping Kyiv resist Russia's full-scale invasion.
“I told them [Ukraine] that I want the equivalent like $500B worth of rare earth. And they've essentially agreed to do that so at least we don’t feel stupid,” Trump said.
“Otherwise, we're stupid. I said to them we have to — 'we have to get something. We can’t continue to pay this money,'” he added.
“Otherwise, we're stupid. I said to them we have to — 'we have to get something. We can’t continue to pay this money,'” he added.
Ukraine holds huge deposits of critical elements and minerals, from lithium to titanium, which are vital to manufacturing modern technologies. It also has vast coal reserves, as well as oil, gas and uranium, but much of this is in territories under Russian control.
more...
https://www.politico.eu/article/trump-demands-500b-in-rare-earths-from-ukraine-for-support/
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