The US, under President Donald Trump, is pushing for a new agreement on Ukraine’s critical minerals and energy resources. However, this deal does not include any security guarantees for Kyiv, raising concerns about its impact on Ukraine’s long-term stability.

According to The Financial Times, the proposed deal would establish a joint investment fund for Ukraine’s oil, gas, and mineral projects.

The US would have control over the fund by appointing three out of five board members, giving it full veto power. Additionally, Washington would receive its share of royalties before Ukraine.

Last month, the US and Ukraine had already agreed on a critical minerals deal, but Trump sees this new arrangement as a way for the US to recover some of the billions it has provided to Kyiv in military aid and financial support during its war with Russia.

While this deal could boost Ukraine’s economy, critics argue that the lack of security guarantees makes it a one-sided agreement, favoring US financial interests over Ukraine’s strategic needs. With the ongoing war, Ukraine must weigh the benefits of this deal against its long-term security concerns.