What we know about US-Ukraine minerals deal

But after Zelensky left early following a fiery exchange with Trump and Vice-President JD Vance, the White House announced that the deal had not been signed.Zelensky previously said he hoped the "preliminary" agreement with the US would "lead to further deals", but confirmed no US security guarantees had yet been agreed - something he had been pushing for.Trump had said a deal would help US taxpayers "get their money back" for aid sent to Ukraine throughout the war, but said the responsibility of Kyiv's security should fall to Europe.The preliminary agreement envisages that an "investment fund" will be set up for Ukraine's reconstruction.Shmyhal said Kyiv and Washington would manage the fund on "equal terms".

According to the deal, Ukraine will contribute 50% of future proceeds from state-owned mineral resources, oil and gas to the fund, and the fund will then invest "to promote the safety, security and prosperity of Ukraine"anwhile, the agreement says the US government will, subject to US law, "maintain a long-term financial commitment to the development of a stable and economically prosperous Ukraine".Zelensky acknowledged the fund, but told the  on Wednesday it was "too early to talk about money".

The agreement states that the US will own the maximum amount of the fund allowed under US law.The Ukrainian president rejected an initial request from the US for $500bn (£395bn) in mineral wealth, but media reports say this demand has now been dropped.The US administration started with a deal that challenged Ukraine's sovereignty, then pushed an exploitative one that would bankrupt the country," Tymofiy Mylovanov, a former minister and head of Kyiv school of economics, 

"Now, they've shifted to a reasonable deal with co-ownership and no direct claims on past aid. That could actually benefit Ukraine."On Tuesday, Trump said the US had given Ukraine between $300bn (£237bn) and $350bn (£276bn) in aid, and that wanted to have a sentence on security guarantees for Ukraine, and it's important that it's there," the Ukrainian leader explained.Asked by the  would be prepared to wal away from the agreement if Trump did not offer the guarantees he wanted, Zelensky said: "I want to find a Nato path or something simila"If we don't get security guarantees, we won't have a ceasefire, nothing will work, nothing

Despite this, the published agreement says the US supports "Ukraine's efforts to obtain security guarantees to build lasting peaceHe said Ukraine would not sign the deal until Zelensky and Trump "agree on security guarantees" and decide on how to "tie this preliminary agreement" to a US security guarantee.