Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy meet at the Munich Security Conference in Germany to discuss a potential deal where the US would mine critical minerals, including rare earth metals, in Ukraine in exchange for aid. Estimates of Ukraine’s mineral wealth vary, with Trump suggesting it could be worth between $500 million and $500 billion. The US and Ukraine are working on finalizing the deal, with the Trump administration’s special envoy set to visit Ukraine soon. President Trump’s Treasury Secretary also visited Kyiv to discuss the deal, framing it as a way to deepen economic ties between the two countries. Zelenskyy sees the deal as a way to protect Ukraine’s resources and ensure security guarantees.
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