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Donald Trump is seeking compensation from Ukraine for US aid, proposing a deal involving rare earth minerals.
Ukrainian President Volodymyr Zelenskyy is hesitant, seeking security guarantees before agreeing to any deal.
Negotiations continue amid tensions, with Trump demanding $500 billion, far exceeding reported US aid figures.
His comments came as Washington and Kyiv negotiate a mineral resources deal Trump wants as compensation for the wartimeaid his predecessor Joe Biden gave Ukraine.
It was the latest twist in a whirlwind first month since he took office, during which he has upended US foreign policy by making diplomatic overtures towards the Kremlin over the heads of Ukraine and Europe.
“I want them to give us something for all of the money that we put up. We’re asking for rare earth and oil, anything we can get.
“We’re going to get our money back because it’s just not fair. And we will see, but I think we’re pretty close to a deal, and we better be close because that has been a horrible situation.”
Trump’s special envoy Keith Kellogg, who met Zelenskyy earlier this week, said the Ukrainian President understood signing a deal with the US was “critical”.
But the Ukrainian source told AFP that Kyiv needed assurances first.
🇺🇸🇺🇦 President Trump on stage at CPAC, criticized U.S. aid to Ukraine, stating that Europe provided support as loans while the U.S. gave it "for nothing."
Trump vowed: We're going to get our money back, and I'll try to get the war settled, and I'm going to try and get all that… pic.twitter.com/uxoD7cAYZO
“In the form in which the draft is now, the President is not ready to accept, we are still trying to make changes and add constructiveness,” the source close to the matter said.
The negotiations between the two countries come amid a deepening war of words between Trump and Zelenskyy that has raised alarm in Kyiv and Europe.
President of Ukraine Volodymyr Zelenskyy and US Special Envoy for Ukraine and Russia Keith Kellogg shake hands during their meeting in Kyiv, Ukraine. Photo / AFP
The US has proposed a United Nations resolution on the Ukraine conflict that omitted any mention of Kyiv’s territory occupied by Russia, diplomatic sources told AFP.
Trump has asked for “US$500 billion [$871b] worth” of rare earth minerals to make up for aid given to Kyiv – a price tag Ukraine has balked at and which is much higher than published US aid figures.
US President Donald Trump and US First Lady Melania Trump. Photo / AFP
“There are no American obligations in the agreement regarding guarantees or investments, everything about them is very vague, and they want to extract US$500b from us,” the Ukrainian source told AFP of the proposed deal.
“What kind of partnership is this? And why do we have to give US$500b, there is no answer,” the source said, adding that Ukraine had proposed amendments to the draft.
The US has given Ukraine more than US$60b in military aid since Russia’s invasion, according to official figures – the largest such contribution among Kyiv’s allies but substantially lower than Trump’s figures.
The Kiel Institute, a German economic research body, said that from 2022 until the end of 2024, the US gave a total of €114.2b (US$119.8b) in financial, humanitarian, and military aid.
A senior Ukrainian official told AFP that despite the tensions, talks on a possible agreement were “ongoing”. Kellogg praised Zelenskyy as “courageous” after his visit to Kyiv earlier this week.
The row comes at a critical moment in the conflict. Ukraine marks the third anniversary of Russia’s invasion on Monday local time and Kyiv’s forces are slowly ceding ground on the frontline.
Moscow’s Defence Ministry earlier today claimed the capture of Novolyubivka in the eastern Luhansk region, which is now largely under Russian control.
In a call with Zelenskyy, British Prime Minister Keir Starmer pledged the “United Kingdom’s ironclad support for Ukraine”.
Zelenskyy, in response, praised the UK for showing “leadership” on the war with Russia.
