50m ago
10.12 CEST
Guardian
obtains memorandum of intent to be signed by Ukraine and US
Luke Harding
The
Guardian’s Luke Harding in Kyiv has obtained the memorandum of intent to be
signed next week by Ukraine and the US over a minerals deal. It envisages
setting up a joint investment fund between the two countries. The draft
recognises the “significant financial and material support” Washington has
given Kyiv since Russia’s full-scale 2022 invasion.
It does not
clarify whether profits from future investments will be used to “pay back” the
US for previous military aid made under the Biden administration. Donald Trump
says Ukraine “owes” the US at least $300bn. Volodymyr Zelenskyy says weapons
deliveries were a Congress-approved grant, not a loan, and therefore do not
need to be paid back. He adds that Ukraine is willing to pay for future
military aid from the Trump administration.
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