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Ukraine minerals deal to split profits 50-50 with US

Sam Kiley World Affairs Editor
Trump insists he is 'putting pressure' on Putin behind scenes amid claims his Ukraine peace plan favours Russia
  • The US and Ukraine are finalising a 50-50 minerals profit-sharing deal, expected to be signed as soon as Thursday.
  • The deal marks a shift from previous US demands for Ukraine to repay past aid, and is being referred to by Ukraine’s prime minister Denys Shmyhal as “a real partnership deal”.
  • The agreement will see profits invested in rebuilding Ukrainian infrastructure over the next 10 years.
  • The first phase of the deal has also dropped previous American demands to control that infrastructure.
  • The deal suggests that US support for Ukraine in the war against Russia may now be influenced by potential profits.
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