Ukraine seeks security guarantees through natural resources deal with the US 

Ukraine’s President Volodymyr Zelensky is optimistic about a draft agreement with the United States, which he hopes could secure future security guarantees for Ukraine. However, the deal, which is a “framework” rather than a concrete commitment, stops short of providing explicit security assurances.

The deal’s framework: No explicit security guarantees yet 
Zelensky acknowledged that the draft deal, which focuses on natural resources, does not include “concrete steps on security guarantees.” The deal, as outlined, only mentions US support for Ukraine's efforts to secure necessary security guarantees for lasting peace, without committing to specific actions. Zelensky emphasized that the deal serves as a framework and a starting point for discussions, particularly during his anticipated meeting with US President Donald Trump. CNN reports that Ukraine is hopeful this deal can serve as a step toward obtaining security guarantees for its future defence.

Details of the draft deal
The deal, which Ukraine and the US agreed to in principle, involves the creation of a joint-owned “Reconstruction Investment Fund.” According to the draft text, Ukraine will contribute 50% of all revenues from monetizing its state-owned natural resources, including hydrocarbons, oil, natural gas, and rare earth minerals, to the fund. The deal is signed by Ukraine’s Foreign Minister Andrii Sybiha and US Treasury Secretary Scott Bessent, marking a key step in strengthening the two countries’ financial cooperation.

Ukraine’s stance on repayment
Zelensky clarified that Ukraine would not repay any of the financial support provided by the US under this deal, stressing that accepting debt repayment would set an unfavourable precedent. He reiterated Ukraine’s “gratitude” for US support in the ongoing conflict with Russia, but made it clear that he would directly ask Trump whether the US would continue its support. CNN reported that Ukraine remains committed to securing ongoing assistance from the US while seeking alternatives, such as directly purchasing weapons if aid is cut off.