U.S. Pressing Tough Demands in Revised Deal for Ukraine’s Minerals

Ukraine on Saturday was seriously considering a revised American proposal for its vast natural resources that contains virtually the same provisions that Kyiv previously rejected as too onerous, according to a draft document of the new proposal.

Some of the terms appear even tougher than in a previous draft.

Though Ukraine had not finalized the deal as of Saturday afternoon, its assent to the terms would represent a capitulation to American demands after a week of intense pressure from President Trump. The American president views access to Ukraine’s vast mineral wealth as necessary repayment for the billions the United States has provided Kyiv for its war against Russia.

The deal could strip Ukraine of funds that are now mostly invested in the country’s military and defense industry, and that could help rebuild the country once the war is over.

The terms of the new proposal, which is dated Feb. 21 and was reviewed by The New York Times, call for Ukraine to relinquish half of its revenues from natural resources, including minerals, gas and oil, as well as earnings from ports and other infrastructure.

A similar demand was made in a previous version of the deal, dated Feb. 14 and reviewed by The Times. Four current and former Ukrainian officials and a Ukrainian businessman who had the terms of the new proposal described to them confirmed that the demand remained unchanged.

Ukraine had been floating the prospect of a partnership with the United States on its valuable natural resources as a way to persuade Mr. Trump to provide additional support for its war effort as well as guarantees against future Russian aggression if a peace deal is struck.