US President Donald Trump has announced that Ukraine President Volodimir Zelanski will sign an important mineral agreement at the White House on Friday. Trump described the agreement as “a huge agreement” during the first cabinet meeting of his second term.
Trump has already been saying that the US has spent a lot of money for taxpayers in the Russia-Ukraine War released for three years. Through this agreement, the US will get access to Ukraine’s rare mineral resources, which are used in aerospace, defense, green energy and nuclear industries.
America eye on Ukraine’s rare minerals
The agreement will provide the US access to millions of tons of rare mineral reserves of Ukraine, which can be an estimated price of trillions. These include:
Cobalt
Lithium
Copper
Graphite
Nickel
Titanium
Uranium
Trump praised the deal and said that this would give Kiev the right to military equipment and self -defense.
Europe angry due to America’s strategy, touches in transatlantic relations
This pressure of America on rare minerals of Ukraine is not being pleased with Europe and other countries.
Many European countries have criticized the US policy.
Trump’s ‘pressure politics’ has increased tension in relations between the US and Europe.
Experts believe that Trump cannot benefit more than this deal as there is no accurate information about the mineral reserves in Ukraine.
Former Director General of Ukrainian Geological Survey, Roman Opimakh said that “there has been no modern evaluation of rare mineral reserves in Ukraine.”
Will Trump’s hands remain empty?
Despite this major agreement of Trump, there are many challenges, which cannot give the US as much as it is expected.
No accurate information about mineral reserves:
- The part of Ukraine’s geology and sub-land website, which gives details of the country’s mineral reserves, is not accessible at the moment.
- It is written on the website: “This information cannot be made public due to martial law.”
Basic structure collapsed due to war:
- The facilities and infrastructure required for mining have been destroyed due to the Russia-Ukraine War.
- Electricity supply is interrupted, which has stalled the production of mining projects.
High cost and safety risk:
- The development of a new mine can cost up to 4 million dollars.
- Projects such as the cooking coal plant in eastern Ukraine will require more than $ 10 billion invested.
- There are frequent security risk due to the war, which can affect investment.
Political uncertainty:
- According to experts, even though Trump, Putin and Zelancesi reach the peace agreement, the long -term nature of the conflict will keep the threat of war in the future also.
