A Ukrainian geologist recently experienced a mix of sentiments regarding a proposed minerals agreement between Ukraine and the United States while shopping at a local market. Amidst the complaints of a man criticizing President Volodymyr Zelensky for allegedly giving away minerals, Volodymyr Savytskyi, 75, expressed cautious optimism about the potential benefits of American investment in Ukraine's mineral resources.
In the central Ukrainian region of Kirovohrad, known for its mining activity, local reactions to the proposed deal reflect a blend of hope, skepticism, and frustration. Many residents view American investment positively in light of the ongoing conflict with Russia, although there are growing concerns about the deal’s terms and whether they can trust the U.S., particularly the Trump administration. Some see the agreement as a necessary step for Ukraine.
Ukrainian officials assert that the country has significant deposits of critical minerals valued at several trillion dollars, which the Trump administration links to repayment for military aid provided since Russia’s invasion. The U.S. expects to benefit financially from these minerals while continuing its support for Ukraine.
The negotiation process has faced delays, with a previous proposal collapsing at a White House meeting in February. A revised offer released in March has been criticized as overly burdensome for Ukraine, prompting the government to seek more favorable terms before agreeing to the deal.
Critics describe the terms as potentially exploitative, raising concerns about resource extraction without adequate security assurances. Andriy Brodsky, founder of a prominent Ukrainian titanium company, emphasized the importance of a fair agreement, likening it to a modern Marshall Plan that would benefit both nations.
Extracting minerals in Ukraine poses challenges, as the process is complex and lengthy. Past experiences, including the Soviet era’s uranium mining efforts, highlight difficulties in managing mineral resources effectively. Environmentalists hope that U.S. investment could lead to improved mining practices and worker protections, though no specific commitments have been made.
Savytskyi, who has extensive knowledge of the region's mineral deposits, remains hopeful about the mining potential. He recalled the history of uranium extraction and the setbacks following the Chernobyl disaster, which affected funding and development in the sector.
Local residents have varied opinions about the proposed deal's implications. Liudmyla Shestakova, an environmental advocate, expressed cautious optimism but voiced concerns over the fairness of the agreement. Others, like Nadiia Matsko, acknowledged the potential for job creation and profit-sharing, while Maryna Vinnik articulated feelings of sorrow and concern over the deteriorating relationship with the U.S.
In the midst of the ongoing conflict, Savytskyi emphasizes the necessity of collaboration with partners who can assist Ukraine in its defense efforts. He recognizes the urgency of the situation and the importance of securing the country’s resources to ensure survival.