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Ukraine, US Sign Minerals Deal, Tying Trump to Kyiv

A dragline excavator operates in an open-pit titanium mine in the Zhytomyr region of Ukraine in February 2025. Roman PILIPEY / AFP/File
A dragline excavator operates in an open-pit titanium mine in the Zhytomyr region of Ukraine in February 2025. Roman PILIPEY / AFP/File
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Ukraine, US Sign Minerals Deal, Tying Trump to Kyiv

A dragline excavator operates in an open-pit titanium mine in the Zhytomyr region of Ukraine in February 2025. Roman PILIPEY / AFP/File
A dragline excavator operates in an open-pit titanium mine in the Zhytomyr region of Ukraine in February 2025. Roman PILIPEY / AFP/File

The United States and Ukraine on Wednesday signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid.
Ukraine said it secured key interests after protracted negotiations, including full sovereignty over its own rare earths, which are vital for new technologies and largely untapped, AFP reported.
Trump had initially demanded rights to Ukraine's mineral wealth as compensation for US weapons sent under former president Joe Biden after Russia invaded just over three years ago.
After initial hesitation, Ukraine has accepted a minerals accord as a way to secure long-term investment by the United States, as Trump tries to drastically scale back US security commitments around the world.
Announcing the deal in Washington, Treasury Secretary Scott Bessent said it showed "both sides' commitment to lasting peace and prosperity in Ukraine."
"This agreement signals clearly to Russia that the Trump administration is committed to a peace process centered on a free, sovereign and prosperous Ukraine over the long term," Bessent said.
"And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine."
The Treasury statement notably mentioned Russia's "full-scale invasion" of Ukraine -- diverging from the Trump administration's usual formulation of a "conflict" for which Kyiv bears a large degree of responsibility.
In Kyiv, Prime Minister Denys Shmygal said the agreement was "good, equal and beneficial."
Shmygal said the two countries would establish a Reconstruction Investment Fund with each side having equal voting rights and Ukraine would retain "full control over its subsoil, infrastructure and natural resources."
Meeting a key concern for Kyiv, he said Ukraine would not be asked to pay back any "debt" for billions of dollars in US support since Russia invaded in February 2022.
"The fund's profits will be reinvested exclusively in Ukraine," he said.
Ukrainian Economy Minister Yulia Svyrydenko said the deal would finance mineral and oil and gas projects as well as "related infrastructure or processing."
Trump had originally sought $500 billion in mineral wealth -- around four times what the United States has contributed to Ukraine since the war.
US presence against 'bad actors'
Trump has balked at offering security guarantees to Ukraine and has rejected its aspiration to join NATO.
But he said on Wednesday that a US presence on the ground would benefit Ukraine.
"The American presence will, I think, keep a lot of bad actors out of the country or certainly out of the area where we're doing the digging," Trump said at a cabinet meeting.
Speaking later at a town hall with NewsNation, Trump said he told Ukrainian President Volodymyr Zelensky during a recent meeting at the Vatican that signing the deal would be a "very good thing" because "Russia is much bigger and much stronger."
Asked whether the minerals deal is going to "inhibit" Russian leader Vladimir Putin, Trump said "well, it could."
Secretary of State Marco Rubio on Tuesday threatened giving up on mediation unless the two sides come forward with "concrete proposals."
Since starting his second term, Trump has pressed for a settlement in which Ukraine would give up some territory seized by Russia, which has rejected US-backed overtures for a ceasefire of at least 30 days.
Backed by the international community, Zelensky has ruled out any formal concession to Russia of Crimea, the Black Sea peninsula seized in 2014.
But Zelensky has taken care to voice support for Trump's diplomacy after a disastrous February 28 White House meeting where Trump and Vice President JD Vance berated him for allegedly being ungrateful for US assistance.
Calling the agreement "Trump's extortion of Ukraine deal," US Congressman Gregory Meeks, ranking Democrat on the House Foreign Affairs Committee, said Trump should now focus his efforts on pressuring Putin rather than "fixating" on Zelensky and Ukraine.
Ukraine holds some five percent of the world's mineral resources and rare earths, according to various estimates. But work has not yet started on tapping many of the resources and many sites are in territory now controlled by Russian forces.
Notably, Ukraine has around 20 percent of the world's graphite, an essential material for electric batteries, according to France's Bureau of Geological and Mining Research.
Ukraine is also a major producer of manganese and titanium, and says it possesses the largest lithium deposits in Europe.

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World

Army Chief Says Switzerland Can’t Defend Itself from Full-Scale Attack

Lieutenant General Thomas Suessli, Chief of the Armed Forces of the Swiss Army, attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Bern, Switzerland, March 16, 2020. Picture taken March 16, 2020. (Reuters)
Lieutenant General Thomas Suessli, Chief of the Armed Forces of the Swiss Army, attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Bern, Switzerland, March 16, 2020. Picture taken March 16, 2020. (Reuters)
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Army Chief Says Switzerland Can’t Defend Itself from Full-Scale Attack

Lieutenant General Thomas Suessli, Chief of the Armed Forces of the Swiss Army, attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Bern, Switzerland, March 16, 2020. Picture taken March 16, 2020. (Reuters)
Lieutenant General Thomas Suessli, Chief of the Armed Forces of the Swiss Army, attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Bern, Switzerland, March 16, 2020. Picture taken March 16, 2020. (Reuters)

Switzerland cannot defend itself against a full-scale attack and must boost military spending given rising risks from Russia, the head of its armed forces said.

The country is prepared for attacks by "non-state actors" on critical infrastructure and for cyber attacks, but its military still faces major equipment gaps, Thomas Suessli told the NZZ newspaper.

"What we cannot do is defend against threats from a distance or even a full-scale ‌attack on ‌our country," said Suessli, who is ‌stepping ⁠down at ‌the end of the year.

"It's burdensome to know that in a real emergency, only a third of all soldiers would be fully equipped," he said in an interview published on Saturday.

Switzerland is increasing defense spending, modernizing artillery and ground systems ⁠and replacing ageing fighter jets with Lockheed Martin F-35As.

But the ‌plan faces cost overruns, while ‍critics question spending on artillery ‍and munitions amid tight federal finances.

Suessli said ‍attitudes towards the military had not shifted despite the war in Ukraine and Russian efforts to destabilize Europe.

He blamed Switzerland's distance from the conflict, its lack of recent war experience and the false belief that neutrality offered protection.

"But that's historically ⁠inaccurate. There are several neutral countries that were unarmed and were drawn into war. Neutrality only has value if it can be defended with weapons," he said.

Switzerland has pledged to gradually raise defense spending to about 1% of GDP by around 2032, up from roughly 0.7% now – far below the 5% level agreed by NATO countries.

At that pace, the Swiss military would only be ‌fully ready by around 2050.

"That is too long given the threat," Suessli said.

World

Another 131 Migrants Rescued off Southern Crete

A dinghy transporting dozens of refugees and migrants is pulled towards Greece's Lesbos island after being rescued by a war ship during their sea crossing between Türkiye and Greece on February 29, 2020. Aris Messinis, AFP/File picture
A dinghy transporting dozens of refugees and migrants is pulled towards Greece's Lesbos island after being rescued by a war ship during their sea crossing between Türkiye and Greece on February 29, 2020. Aris Messinis, AFP/File picture
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Another 131 Migrants Rescued off Southern Crete

A dinghy transporting dozens of refugees and migrants is pulled towards Greece's Lesbos island after being rescued by a war ship during their sea crossing between Türkiye and Greece on February 29, 2020. Aris Messinis, AFP/File picture
A dinghy transporting dozens of refugees and migrants is pulled towards Greece's Lesbos island after being rescued by a war ship during their sea crossing between Türkiye and Greece on February 29, 2020. Aris Messinis, AFP/File picture

The Greek coast guard Saturday rescued 131 would-be migrants off Crete, bringing the number of people brought out of the sea in the area over the past five days to 840, a police spokesperson said.

The migrants rescued Saturday morning were aboard a fishing boat some 14 nautical miles south of Gavdos, a small island south of Crete.

The passengers, whose nationality was not revealed, were all taken to Gavdos.

Many people attempting to reach Crete from Libya drown during the risky crossing.

In early December, 17 people -- mostly Sudanese or Egyptian -- were found dead after their boat sank off the coast of Crete, and 15 others were reported missing. Only two people survived.

According to the UN High Commissioner for Refugees, more than 16,770 people trying to get to Europe have arrived in Crete since the beginning of the year, more than on any other Greek island.

In July, the conservative government suspended the processing of asylum applications for three months, particularly those of people arriving from Libya, saying the measure as "absolutely necessary" in the face of the increasing flow of migrants.

World

Thailand and Cambodia Sign New Ceasefire Agreement to End Border Fighting

A handout photo made available by the Defense Ministry of Thailand shows Cambodian Defense Minister Tea Seiha (L) and Thai Defense Minister Natthaphon Narkphanit attending a General Border Committee Meeting in Ban Pak Kard, Chanthaburi Province, Thailand, 27 December 2025. (EPA/Defense Ministry of Thailand/Handout)
A handout photo made available by the Defense Ministry of Thailand shows Cambodian Defense Minister Tea Seiha (L) and Thai Defense Minister Natthaphon Narkphanit attending a General Border Committee Meeting in Ban Pak Kard, Chanthaburi Province, Thailand, 27 December 2025. (EPA/Defense Ministry of Thailand/Handout)
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Thailand and Cambodia Sign New Ceasefire Agreement to End Border Fighting

A handout photo made available by the Defense Ministry of Thailand shows Cambodian Defense Minister Tea Seiha (L) and Thai Defense Minister Natthaphon Narkphanit attending a General Border Committee Meeting in Ban Pak Kard, Chanthaburi Province, Thailand, 27 December 2025. (EPA/Defense Ministry of Thailand/Handout)
A handout photo made available by the Defense Ministry of Thailand shows Cambodian Defense Minister Tea Seiha (L) and Thai Defense Minister Natthaphon Narkphanit attending a General Border Committee Meeting in Ban Pak Kard, Chanthaburi Province, Thailand, 27 December 2025. (EPA/Defense Ministry of Thailand/Handout)

Thailand and Cambodia on Saturday signed a ceasefire agreement to end weeks of armed combat along their border over competing claims to territory. It took effect at noon local time.

In addition to ending fighting, the agreement calls for no further military movements by either side and no violations of either side’s airspace for military purposes.

Only Thailand employed airstrikes in the fighting, hitting sites in Cambodia as recently as Saturday morning, according to the Cambodian defense ministry.

The deal also calls for Thailand, after the ceasefire has held for 72 hours, to repatriate 18 Cambodian soldiers it has held as prisoners since earlier fighting in July. Their release has been a major demand of the Cambodian side.

The agreement was signed by the two countries’ defense ministers, Cambodia’s Tea Seiha and Thailand’s Nattaphon Narkphanit, at a checkpoint on their border after lower-level talks by military officials met for three days as part of the already-established General Border Committee.

The agreement declares that the two sides are committed to an earlier ceasefire that ended five days of fighting in July and follow-up agreements and includes commitments to 16 de-escalation measures.

The original July ceasefire was brokered by Malaysia and pushed through by pressure from US President Donald Trump, who threatened to withhold trade privileges unless Thailand and Cambodia agreed. It was formalized in more detail in October at a regional meeting in Malaysia that Trump attended.

Despite those deals, the two countries carried on a bitter propaganda war and minor cross-border violence continued, escalating in early December to widespread heavy fighting.

Thailand has lost 26 soldiers and one civilian as a direct result of the combat since Dec. 7, according to officials. Thailand has also reported 44 civilian deaths from collateral effects of the situation.

Cambodia hasn’t issued an official figure on military casualties, but says that 30 civilians have been killed and 90 injured. Hundreds of thousands of people have been evacuated from affected areas on both sides of the border.

Each side blamed the other for initiating the fighting and claimed to be acting in self-defense.

The agreement also calls on both sides to adhere to international agreements against deploying land mines, a major concern of Thailand. Thai soldiers along the border have been wounded in at least nine incidents this year by what they said were newly planted Cambodian mines. Cambodia says the mines were left over from decades of civil war that ended in the late 1990s.

Another clause says the two sides “agree to refrain from disseminating false information or fake news.”

The agreement also says previously established measures to demarcate the border will be resumed and the two sides also agree to cooperate on an effort to suppress transnational crimes.

That is primarily a reference to online scams perpetrated by organized crime that have bilked victims around the world of billions of dollars each year. Cambodia is a center for such criminal enterprises.