The primary focus of their discussion was a prospective minerals deal, which Bessent believes would serve as a "long-term security shield for all Ukrainians."
Zelensky expressed his satisfaction with Bessent's decision to make Ukraine his first international visit. "We value our partnership with the United States, are grateful for the support in defending our independence, and strive to expand our joint capabilities – especially in security,” he stated. The Ukrainian leader emphasized the importance of security, asserting that "Moscow and its allies cannot be allowed to gain control over Ukraine," and called for a united front across the free world.
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According to Breitbart, Zelensky further revealed that they had received the U.S. vision for deepening their cooperation and had discussed these proposals. He expressed optimism about reaching a strong agreement, stating, "We expect to make progress by the Munich Security Conference."
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Zelensky is set to meet with Vice President JD Vance at the Munich Security Conference on Friday. The conference is under high alert following an incident where an Afghan "asylum seeker" drove his car into a crowd of left-wing protesters, injuring dozens. German officials have labeled the incident as an "attack."
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President Donald Trump, who has previously criticized heavy U.S. spending on Ukraine's defense, suggested last week that Ukraine should compensate for American military and financial support with mineral resources. "We’re telling Ukraine they have very valuable rare earths. We’re looking to do a deal with Ukraine, where they’re going to secure what we’re giving them with their rare earths and other things. We want a guarantee,” Trump said.
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In a recent Fox News interview, Trump revealed that he had asked Ukraine for "$500 billion worth of rare earth," and they had essentially agreed to it. "I said to them, we have to get something. We can’t continue to pay this money,” he added.
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Following his meeting with Bessent, Zelensky indicated his readiness to enter into such a deal. Bessent had presented him with a draft of the minerals agreement for review, and Zelensky suggested that the deal could be signed when he meets with Vance in Munich. "We had a productive, constructive conversation. For me, the issue of security guarantees for Ukraine is very important, and we talked about minerals in general,” Zelensky said.
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Bessent, in his own Fox News interview, stated that a minerals partnership with the United States would introduce "a new level of transparency to Ukrainian business." He added that the real payoff would come when the conflict ends and the rush to rebuild Ukraine begins.
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Bessent also suggested that the Ukraine minerals deal could aid President Trump in his peace negotiations with Russian President Vladimir Putin. "It will be showing the Russians that we have an enduring alliance with Ukraine, and then more assets that the U.S. government, U.S. entities have on the ground in Ukraine – that should act as a deterrent over the long run to any more incursions by the Russians,” he said.
