According to Reuters, US President Donald Trump stated on Feb. 26 that the US will not provide security guarantees for Ukraine in any Russia-Ukraine peace agreement, while also ruling out the possibility of Ukraine joining NATO.
Against this backdrop of absent security commitments, the US-Ukraine rare earth resources agreement has become the focus of attention. Under the terms of the agreement, Ukraine is required to allocate 50% of its future revenues from natural resources, including rare earths and oil and gas, to a "Reconstruction Investment Fund" jointly managed by the US and Ukraine. Additionally, the US retains a lien on Ukraine's resource revenues.
Although Ukrainian Prime Minister Denys Shmyhal emphasized that Ukrainian mineral resources will remain the property of Ukraine and will not be transferred to the US ownership, the terms of the agreement have drawn criticism, with some viewing it as a "disguised collateralization of sovereignty" to repay US wartime aid.
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