Ukraine reportedly agrees a critical rare minerals deal with the U.S. (1 Viewer)

[Holly Ellyatt, CNBC]

Ukraine and the United States reached an agreement over access to Kyiv's deposits of rare earth minerals, according to media reports, as Kyiv seeks to reinforce its ties with its key wartime transatlantic ally under the Trump administration.

The draft deal envisages that the two countries will jointly develop Ukraine's mineral resources, including oil and gas, and sees the U.S. drop demands for a right to $500 billion in potential revenue from the agreement, according to the Financial Times, which first reported the deal on Tuesday.

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