Economists Uncut

Trump Wants 50% of Ukraine’s $15 T Minerals, Worse than Germany’s WWI Reparations (Uncut) 02-18-2025

Welcome back to World Affairs in Context, everyone. As negotiators from Russia and the United States are meeting this week in Saudi Arabia to begin discussing a possible end to the conflict, Donald Trump indicated that although he is very much interested in finding ways to stop the proxy war, Washington may continue providing limited aid to Ukraine as negotiations begin. Securing access to Ukraine’s natural resources is an important part of the deal to Trump, who has already said that the United States had spent $300 billion on the conflict so far.

 

Donald Trump told Fox News that Ukraine had quote, essentially agreed, those are his words, he said Ukraine had essentially agreed to hand over $500 billion. So, Zelensky agreed to sell what’s left of Ukraine for $500 billion. During the Munich Security Conference last week, Zelensky was presented with a draft of the agreement on natural resources, on those rare earth minerals that I discussed in great detail in one of my recent videos, I will link it in the description below.

 

Zelensky rejected that proposal and he reportedly returned the draft with his amendments, citing a lack of security guarantees offered to Ukraine in the original document. In reality, however, Zelensky was shocked because the terms offered by the United States are normally imposed on aggressor states defeated in war. They are in fact worse than the financial penalties that were imposed on Nazi Germany and Japan after the Soviet Union and its allies defeated them in 1945.

 

Zelensky might finally understand that not only did he single-handedly destroy an entire country and entire nation, facilitated the death of millions of Ukrainians and Russians, but also he’s now on the hook for trillions of dollars in Ukraine’s natural resources. For context, Germany’s reparations were close to $400 billion over a span of 66 years. What Trump is offering to Zelensky is absolutely worse.

 

Trump is offering an impossible deal that will colonize generations. Ukraine’s deal could cost up to $15 billion on an annual basis indefinitely. So let’s make no mistake, Zelensky is absolutely ready to turn Ukraine into a de facto colony.

 

That in and of itself doesn’t really bother him, it doesn’t pose an issue to him. He’s just expecting a bit more from Trump in return, probably personal security guarantees since he knows that his time is probably running out. Zelensky himself proposed the idea of giving the United States a direct stake in Ukraine’s rare earth minerals and critical resources when he visited Trump in September of last year.

 

Well, this week the Telegraph is revealing the latest details of the United States-Ukraine rare earth minerals deal. Washington is reportedly pushing for effective total control of Ukraine’s natural resources, including rare earth minerals, in exchange for military aid. Trump’s demand for a $500 billion payback from Ukraine goes far beyond U.S. control over the country’s critical minerals.

 

It covers everything from ports and infrastructure to oil and gas, and the larger resource base of the country. Since Zelensky doesn’t get a seat at the negotiations table in Riyadh, because this is what happens when you give up your sovereignty for personal profit, he’s now getting antsy. He’s getting increasingly desperate, as his time might be running out given that both the United States and Russia want to return Ukraine back to democracy, which inherently means putting an end to his military dictatorship and, of course, holding elections.

 

The Telegraph claims that it has obtained a draft of the pre-decision contract, marked privileged and confidential, reportedly, and dated February 7, 2025. It states that the United States and Ukraine should form a joint investment fund to ensure that, quote, hostile parties to the conflict do not benefit from the reconstruction of Ukraine. So what is the Trump administration after in Ukraine? Let’s take a closer look.

 

The Trump administration is seeking 50% of revenues from resource extraction. This includes minerals, oil and gas, and 50% of new licenses sold to third countries. For all future licenses, the United States will have a right of first refusal for the purchase of exportable minerals, and if it refuses to purchase them at a favorable to them price point, Ukraine will then be allowed to sell these resources to other trade partners.

 

The second important point that I would like to draw your attention to of this proposal that was made by the United States is gaining effective control of critical sectors. This includes full control over infrastructure, energy, and strategic minerals. The third important point of the proposal is the creation of a reconstruction investment fund.

 

According to the Telegraph, its goal is to deepen the partnership between the United States of America and Ukraine. Now, if you exploit an entire nation, that is by default not a partnership, it is exploitation. We’ve learned that very well over centuries in Africa when Western colonial powers, the United States, Great Britain, Germany, Belgium, and France, even Italy, even though Italy was a bit late to the party, but still, even Italy, they exploited African countries by extracting and then exporting raw materials at dirt cheap prices, processing those materials, and then turning around and selling finished goods to those impoverished African nations at two or three times the cost.

 

And so that cycle continued for centuries. That is effectively the goal with Ukraine. It is a neo-colonial imperial ask, it’s a neo-colonial imperial demand that no nation should ever, ever agree to because this is the burden for all future generations.

 

Whether or not Zelensky will agree to it remains to be seen, of course. Ukraine should hold democratic elections because given that Zelensky’s term expired in May of 2024, it has almost been a year, I’m sure that his authority to agree to something of this scale could be easily challenged. At least it should be.

 

Let me know what you think about the terms of this deal in the comments below. As always, I would love to hear from you. Thank you for watching.

 

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