Former U.S. President Donald Trump presents a controversial plan for Ukraine's resources as Russian aggression continues.
The Ukrainian government finds itself in a precarious position as it navigates the ongoing Russian aggression while also responding to new demands from a proposal put forth by the Trump administration.
Despite a partial ceasefire agreement, Russian President Vladimir Putin has suggested placing Ukraine under international administration as part of a peace process involving the United States, European nations, and allies including China, India, Brazil, and South Africa.
During a speech to the crew of a nuclear submarine in Murmansk, Putin proposed a 'temporary administration' for Ukraine, asserting it as a mechanism to facilitate democratic elections and establish a reliable government before negotiations for a peace treaty commence.
The UN Secretary-General
António Guterres rejected this idea, affirming Ukraine's legitimate leadership, while a spokesperson for the U.S. National Security Council emphasized that Ukraine's governance is determined by its Constitution and populace.
Ukrainian presidential adviser Dmytro Litvin criticized Putin’s understanding of legitimate leadership, stating that negotiations require recognition of Ukraine’s elected government.
On the ground, President Volodymyr Zelensky accused Russia of violating the ceasefire by launching attacks on energy facilities in the Kherson region, suggesting that this warranted a response from the United States.
However, skepticism remains about what Ukraine can expect from the Trump administration as it takes a more aggressive stance on resource possession in Ukraine.
The White House has introduced a new comprehensive agreement aimed at controlling Ukraine’s economic resources, expanding previous claims while offering no security guarantees.
This plan goes far beyond a previous agreement from February, which was ultimately not signed due to tensions highlighted during a White House meeting between Trump and Zelensky.
The latest proposal targets all mineral resources and key energy facilities in Ukraine, suggesting the establishment of a U.S.-managed investment fund with majority American oversight.
This fund would control revenue distribution and decide on all projects undertaken by the Ukrainian government or approved enterprises, focusing on post-war infrastructure development necessary for resource extraction.
The United States would claim total profits from this fund, in addition to a 4% annual return until the $400 billion in war aid reported by the Trump administration is repaid.
Furthermore, the agreement includes rights for the U.S. to preemptively purchase all raw materials and veto any Ukrainian trade agreements with other countries.
Finance Minister Scott Bessent indicated that the agreement could be signed as soon as next week.
However, three high-ranking Ukrainian officials expressed doubts about its likelihood, with one labeling the proposal as 'unfair' while another likened it to 'theft.' First Deputy Prime Minister and Economic Minister Yulia Svyrydenko noted that the draft reflected U.S. legal perspectives, and emphasized that any final agreement would need parliamentary ratification.
During a recent meeting in Paris, President Zelensky remarked that the United States has been continuously altering the terms of the agreement but assured that he does not want Washington to perceive any opposition from Kyiv.
He indicated the necessity to clarify whether the discussions pertain to the same agreement or something different, stressing the importance of transparent communication about any potential risks in the resources agreement with the Ukrainian public.
Zelensky acknowledged that while he does not perceive any past dues owed to the U.S., new support packages might carry specific conditions.
Regarding Russia, Zelensky indicated openness to negotiations with parties holding a genuine vision for ending the war, indicating that he would not engage with Putin.