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Zelenskyy says no clause on Ukraine's state debt in agreement with US

Volodymyr Zelenskyy, President of Ukraine

26 February 2025 18:45 (UTC +04:00)

Regarding the mineral deal, Zelenskyy said on Wednesday that the $500 billion demanded initially was “unfair”, APA reports citing Kyiv Post.

“The key thing for me was that we are not debtors. There is no $500 billion debt in the minerals agreement with the US – nor $350 billion, nor $100 billion. That would be unfair to us,” Zelensky added.

“I won’t agree to even a 10% debt repayment in this deal with the US,” he added.

A copy of the revised agreement, obtained by European Pravda, makes no mention of the monetary value to be extracted from Ukraine’s mineral resources under the agreement.

However, it stipulates that “50% of all revenues generated from the future monetization of all relevant natural resource assets” would go towards a joint US-Ukraine fund, though the amount “[does] not include current sources of revenue that are already part of the general revenues of the budget of Ukraine.”