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Trump’s Ukraine Deal Intended to Pressure Russia in Future Peace Talks, Treasury Secretary Says
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US President Donald Trump greenlit last week’s mineral partnership with Ukraine in part to strengthen his negotiating position with Russia and ensure financial returns for US support to Kyiv, Treasury Secretary Scott Bessent revealed on May 5.
Speaking during a keynote address at the Milken Institute Global Conference in Los Angeles, Bessent detailed Trump’s strategic reasoning behind the agreement.
“The economic partnership was his initiative. He believed it would accomplish multiple goals,” Bessent said. “It would increase his leverage with the Russian leadership when the time came to engage in peace negotiations.”
According to Bessent, Trump viewed the deal as both a symbol of unwavering US support for Ukraine and a practical economic arrangement. “The idea was to start with Ukraine — to sign a deal that demonstrates clear unity between the American and Ukrainian people,” he explained.
Previously, it was reported that Ukraine is expected to ratify the recently signed US-Ukraine mineral deal within the next few weeks, according to Ukraine’s Vice Prime Minister and Minister of Economy, Yulia Svyrydenko.
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