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Ukraine’s Zelensky Accepts Trump’s Bid to Trade U.S. Arms for Rare Earth Minerals

HeadlineFeb 05, 2025

In Ukraine, a Russian strike on the town of Izium Tuesday killed five civilians, including a pregnant teenager. At least 55 others were wounded in the attack, which partially destroyed Izium’s city council building. Elsewhere, Russian shelling killed two civilians in southern Ukraine, and a Ukrainian drone attack set a Russian oil depot near the Black Sea on fire. On Tuesday, Ukrainian President Volodymyr Zelensky said he’s open to having U.S. companies “invest” in Ukraine’s rare earth metals industry, after President Trump said military aid should be tied to securing the rights of minerals needed for U.S. high-tech and weapons industries. Trump made the remarks Monday.

President Donald Trump: “We’re telling Ukraine they have very valuable rare earth. We want what we put up to go in terms of a guarantee. We want a guarantee. We want — we’re handing them money hand over fist.”

German Chancellor Olaf Scholz sharply criticized Trump’s proposed quid pro quo with Zelensky as “very selfish, very self-centered.”

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