Connect with us

Politics

Ukraine and the US have finally signed a minerals deal. What does it include?

Published

on


After months of tense negotiations, the U.S. and Ukraine signed a deal that is expected to give Washington access to the country’s critical minerals and other natural resources, an agreement Kyiv hopes will secure long-term support for its defense against Russia.

According to Ukrainian officials, the version of the deal signed Wednesday is far more beneficial to Ukraine than previous versions, which they said reduced Kyiv to a junior partner and gave Washington unprecedented rights to the country’s resources.

The deal itself has not yet been made public, but the Economy Ministry and the Prime Minister’s office have offered some details.

The agreement — which the Ukrainian parliament must ratify — would establish a reconstruction fund for Ukraine that Ukrainian officials hope will be a vehicle to ensure future American military assistance. A previous agreement was nearly signed before being derailed in a tense Oval Office meeting involving U.S. President Donald Trump, U.S. Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy.

“We have formed a version of the agreement that provides mutually beneficial conditions for both countries. This is an agreement in which the United States notes its commitment to promoting long-term peace in Ukraine and recognizes the contribution that Ukraine has made to global security by giving up its nuclear arsenal,” Ukrainian Economy Minister Yulia Svyrydenko said in a post on Facebook.

The signing comes during what U.S. Secretary of State Marco Rubio said would be a “very critical” week for U.S.-led efforts to end the war that appear to have stalled. Ukraine sees the deal as a way to ensure that its biggest and most consequential ally stays engaged and doesn’t freeze military support, which has been key in its 3-year-old fight against Russia’s full-scale invasion.

“This agreement signals clearly to Russia that the Trump administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term,” Treasury Secretary Scott Bessent said in a statement.

Here is a look at the deal.

What does the deal include?

The deal covers minerals, including rare earth elements, but also other valuable resources including oil and natural gas, according to details released by Ukrainian officials. It does not include resources that are already a source of revenue for the Ukrainian state. In other words, any profits under the deal are dependent on the success of new investments.

While Trump has repeatedly expressed interest in Ukraine’s rare earth elements, it unclear what other minerals might be part of the deal. Earlier this year, Andrii Yermak, the head of Ukraine’s presidential office, said it could include lithium, titanium or uranium.

The agreement ensures full ownership of the resources remains with Ukraine, according to Ukrainian officials. The state will determine where and what can be extracted.

It also does not refer to any debt obligations for Ukraine, the officials have said, meaning profits from the fund will not go toward the paying the U.S. back for its previous support.

What are rare earth elements?

They are a group of 17 elements that are essential to many kinds of consumer technology, including cellphones, hard drives and electric and hybrid vehicles.

China is the world’s largest producer of rare earth elements, and both the U.S and Europe have sought to reduce their dependence on Beijing, Trump’s chief geopolitical adversary.

How will the fund work?

The agreement establishes a reconstruction investment fund, and both the U.S. and Ukraine will have an equal say in its management, according to Svyrydenko.

The fund will be supported by the U.S. government through the U.S. International Development Finance Corporation agency, which Ukraine hopes will attract investment and technology from American and European countries.

Ukraine is expected to contribute 50% of all future profits from government-owned natural resources into the fund. The United States will also contribute in the form of direct funds and equipment, including badly needed air defense systems and other military aid.

Contributions to the fund will be reinvested in projects related to mining, oil and gas as well as infrastructure.

No profits will not be taken from the fund for the first 10 years, Svyrydenko said.

Trump administration officials initially pushed for a deal in which Washington would receive $500 billion in profits from exploited minerals as compensation for its wartime support.

But Zelenskyy rejected the offer, saying he would not sign off on an agreement “that will be paid off by 10 generations of Ukrainians.”

What is the state of Ukraine’s minerals industry?

Ukraine’s rare earth elements are largely untapped because of state policies regulating the industry, a lack of good information about deposits, and the war.

The industry’s potential is unclear since geological data is thin because mineral reserves are scattered across Ukraine, and existing studies are considered largely inadequate, according to businessmen and analysts.

In general, however, the outlook for Ukrainian natural resources is promising. The country’s reserves of titanium, a key component for the aerospace, medical and automotive industries, are believed to be among Europe’s largest. Ukraine also holds some of Europe’s largest known reserves of lithium, which is required to produce batteries, ceramics and glass.

In 2021, the Ukrainian mineral industry accounted for 6.1% of the country’s gross domestic product and 30% of exports.

An estimated 40% of Ukraine’s metallic mineral resources are inaccessible because of Russian occupation, according to data from We Build Ukraine, a Kyiv-based think tank. Ukraine has argued that it’s in Trump’s interest to develop the remainder before Russian advances capture more.

___

Republished with permission of The Associated Press.


Post Views: 0



Source link

Continue Reading

Politics

Donald Trump downplays Vladimir Putin’s decision to skip Istanbul peace talks with Ukraine

Published

on


U.S. President Donald Trump said he was not surprised that Russian President Vladimir Putin will be a no-show for anticipated peace talks with Ukraine in Turkey this week.Trump, who had pressed for Putin and Ukrainian President Volodymyr Zelenskyy to meet in Istanbul, brushed off Putin’s apparent decision to not take part in the expected talks.

“I didn’t think it was possible for Putin to go if I’m not there,” Trump said in an exchange with reporters as he took part in a business roundtable with executives in Doha on the third day of his visit to the Middle East.

Trump earlier this week floated potentially attending himself. The U.S. President, however, on Thursday noted Secretary of State Marco Rubio was already in the country for meetings with NATO counterparts. Trump’s special envoy, Steve Witkoff, also plans to be in Istanbul on Friday for the anticipated Russia-Ukraine talks.

The push for direct talks between Zelenskyy and Putin comes amid a flurry of negotiations aimed at producing a ceasefire agreement between Russia and Ukraine.

Putin was first to propose restarting direct peace talks Thursday with Ukraine in the Turkish city that straddles Asia and Europe. Zelenskyy challenged the Kremlin leader to meet in Turkey in person.

Trump, as he wrapped up his visit to Qatar, stopped by a U.S. installation at the center of American involvement in the Middle East to speak with U.S. troops. He has used his four-day visit to Gulf states to reject the “interventionism” of America’s past in the region.

The installation, al-Udeid Air Base, was a major staging ground during the U.S. wars in Iraq and Afghanistan. The base houses some 8,000 U.S. troops, down from about 10,000 at the height of those wars.

Trump told the troops that his “priority is to end conflicts, not start them.”

“But I will never hesitate to wield American power if it’s necessary to defend the United States of America or our partners,” Trump said.

The Republican president has held up Gulf nations like Saudi Arabia and Qatar as models for economic development in a region plagued by conflict. He has urged Qatari officials during his visit to use their influence to entice Iran to come to terms with his administration on a deal to curb its nuclear program.

Trump said progress has been made in the talks but warned a “violent step” could be coming if a deal is not reached.

“Iran has sort of agreed to the terms: They’re not going to make, I call it, in a friendly way, nuclear dust,” Trump said at the business roundtable. “We’re not going to be making any nuclear dust in Iran.”

Trump will travel later on Thursday to Abu Dhabi in the United Arab Emirates for the final leg of his Mideast tour. He will visit the Sheikh Zayed Grand Mosque, the country’s largest mosque. The UAE’s founder, Sheikh Zayed, is buried in the mosque’s main courtyard.

Trump will also be hosted for a state visit in the evening by UAE President Mohammed bin Zayed Al Nahyan at the Qasr Al Watan palace.

Trump earlier this week met with Syrian President Ahmad al-Sharaa and announced plans to ease sanctions on the war-torn country. The U.S. has deployed more than 1,000 troops in Syria for years to suppress a return of the Islamic State group.

Trump heaped praise on al-Sharaa — who was tied to al-Qaida and joined insurgents battling U.S. forces in Iraq before entering the Syrian civil war — after the two met in Saudi Arabia on Wednesday. He called al-Sharaa a “young, attractive guy. Tough guy. Strong past. Very strong past. Fighter.”

It was a stark contrast from earlier years, when al-Sharaa was imprisoned by U.S. troops in Iraq. Until December, there was a $10 million U.S. bounty for his arrest.

Trump said that the opinions of Saudi Arabian Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan were big factors in his decision to lift sanctions on Syria.

“President Erdogan called me and said, ‘Is there any way you could do that? Because if you don’t do that, they don’t have a chance,’” Trump said. “So, I did it.”

___

Republished with permission of The Associated Press.


Post Views: 0



Source link

Continue Reading

Politics

Heidi Brandt files for Bridget Ziegler’s seat on the Sarasota Co. School Board

Published

on


A longtime Republican leader in Sarasota will run for Bridget Ziegler’s seat on the Sarasota County School Board.

Heidi Brandt, incoming President of the Southside Elementary School Parent-Teacher Organization, will run for the nonpartisan District 1 seat. Southside has been an “A”-rated school for 21 consecutive years.

“I take great pride in sending my daughter to public school in Sarasota County,” Brandt said. “It is imperative that we continue to empower parents, invest in high-quality teachers and enhance workforce training so students can thrive inside the classroom and beyond.”

She will be the first candidate to file for the seat. Many expect that Ziegler, who became embroiled in a nationally watched sex scandal last year, will not seek another term. But she has rebuffed calls to resign.

Brandt listed another reason prompting her to run: a recent spike in lockdowns of school campuses. With 8-year-old daughter Mia attending school, that has Brandt concerned as a parent.

“Just last month, three public schools in South Sarasota County locked down due to threats received,” she said. “We are fortunate to have a Sheriff’s Department that is so well-trained and prepared, but we can always do more to ensure the safety and security of our students, teachers and staff.”

While School Board members hold nonpartisan office, local parties have become increasingly involved in races for seats. On that point, it may be important that Brandt is the Vice President of the Republican Women’s Club of Sarasota.

Additionally, Brandt assists with Sunday School lessons at Covenant Life Church, which she attends along with fiancé Jerry Wells.

The seat is up in 2026, with a first election scheduled for next August and a potential runoff expected in November.

The last time the seat was up, a conservative majority won election in the Sarasota County School Board. But two Democrats won election to the Board last year.


Post Views: 0



Source link

Continue Reading

Politics

Jeff Kottkamp promises Florida TaxWatch will guard tax dollars at every level of government

Published

on


He has served in the Legislature and as Lieutenant Governor. Now, Jeff Kottkamp will shape influence as the incoming president and CEO of Florida TaxWatch.

On Wednesday, the Board for the independent government watchdog formally elected the former politico to succeed Dominic Calabro at the organization’s helm.

Kottkamp expects his background, whether holding office or lobbying lawmakers, will inform his work.

“It helps to know from the inside how the process works — helps a lot, actually,” Kottkamp said. “But it also helps with relationships, because really, everything is a people business, but what we do really is too. I’m fortunate enough to have these great relationships where we can call on people to get input.”

The election occurred hours after three former state Senate Appropriations Committee Chairs — Lisa Carlton, Denise Grimsley and Kelli Stargel — offered insight on a panel about the budget process. The organization also hired Brandi Gunder, a former acting Director of Policy and Budget at the Executive Office. So the organization at many levels boasts expert experience and veterans of The Process.

Kottkamp will succeed an outgoing president who worked in TaxWatch for 45 years. Calabro will soon found the Florida TaxWatch Foundation to financially support the organization’s work.

Kottkamp said stepping into those shoes carries a burden, and there is a need to ensure the institution becomes more than one man.

“If you say Florida TaxWatch, the first thing out of people’s mouths is going to be Dominic Calabro, right?” Kottkamp said. “You’ve had a very dynamic personality, iconic really, leading the organization. This can’t be just about a person. It’s got to be about the mission.”

Calabro said as much when opening the Spring meeting of Florida TaxWatch, telling the press that Kottkamp would be institutional leadership, not just charismatic. Kottkamp said that’s an important evolution.

“What he’s really talking about is being more systemic in the way we do things,” Kottkamp said of Calabro’s remarks. “I’m really excited about the staff and who we brought on and just kind of some new energy to the effort. But make it all about the mission. Make sure more people in Florida know about our mission and what we do.”

Kottkamp said the group will become more involved in local government as part of that mission, opening chapters in South Florida and then likely throughout the state.

Throughout the Spring meeting, individuals said a political focus on government efficiently positions Florida TaxWatch as an authoritative voice, very much DOGE before DOGE was cool.

Florida TaxWatch Secretary David Casey, senior vice president of Government Relations and Business Development at Maximus, said as much in a speech at the Chairman’s Dinner on Wednesday.

“I’m looking forward to talking to those small businesses in Southern Florida and to be able to say, here’s why you should be a member of TaxWatch, to break through bureaucracy so that when the next hurricane hits, we don’t have those barriers in order to be able to serve your small businesses,” Casey said.

Kottkamp, a Republican politician, said the group will always remain independent, an essential piece of its integrity. He acknowledged that the mission of safeguarding public revenue is a bit “center-right” by definition. However, the group will always be able to stand up and call out irresponsible spending or actions by members of any party, something most famously conducted in Florida TaxWatch’s annual Budget Turkey List, branding local projects as pork barreling.

Kottkamp will introduce himself as a personality in his own right on the state stage anew. He shares that he started working at 13 and once had the chance to serve as bodyguard to Andre the Giant, thanks to his background in martial arts. “But he’s eight feet tall,” Kottkamp recalls. He doesn’t really need security. He just growled at people.”

Public money is another story. It requires defenders and watchdogs, and Kottkamp is ready to serve in these roles with similar diligence.

“You’re really starting to see how you can expand our footprint and really put a flag in the ground in these local communities,” Kottkamp said. “It’s not just the state capital, but it’s all over Florida.”


Post Views: 0



Source link

Continue Reading

Trending

Copyright © Miami Select.