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UKRAINE: Zelenskyy-Vance Meeting Postponed To 1700CET As Minerals Draft Assessed

UKRAINE

Reuters reports that according to a source in the Ukrainian delegation at the Munich Security Conference, the sideline meeting between President Volodymyr Zelenskyy and US Vice President JD Vance has been postponed until 1700CET (1100ET/1600GMT). 

  • The delay comes a short time after reports claim that Ukraine has submitted a draft minerals agreement that it has submitted to the US for review. The US sid is said to have asked until later this afternoon to work on the agreement, which may be one of the explanations for the delay to the Zelenskyy-Vance meeting.
  • US Treasury Secretary Scott Bessent presented Zelenskyy with the initial draft minerals agreement during their meeting in Kyiv earlier this week, with Bessent claiming the agreement was included in a “larger peace deal that Trump has in mind” that would see “a long-term security shield” for Ukraine in place.
  • US President Donald Trump has touted a rare earths deal as potentially providing a major windfall for the US economy. However, as Foreign Policy notes, "[Ukraine] does not currently produce rare earths, nor has it produced rare earths in recent decades, [...], and We Build Ukraine, a Kyiv-based think tank, estimates that Russia’s occupation has rendered 40 percent of Ukraine’s metallic mineral riches inaccessible."
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Reuters reports that according to a source in the Ukrainian delegation at the Munich Security Conference, the sideline meeting between President Volodymyr Zelenskyy and US Vice President JD Vance has been postponed until 1700CET (1100ET/1600GMT). 

  • The delay comes a short time after reports claim that Ukraine has submitted a draft minerals agreement that it has submitted to the US for review. The US sid is said to have asked until later this afternoon to work on the agreement, which may be one of the explanations for the delay to the Zelenskyy-Vance meeting.
  • US Treasury Secretary Scott Bessent presented Zelenskyy with the initial draft minerals agreement during their meeting in Kyiv earlier this week, with Bessent claiming the agreement was included in a “larger peace deal that Trump has in mind” that would see “a long-term security shield” for Ukraine in place.
  • US President Donald Trump has touted a rare earths deal as potentially providing a major windfall for the US economy. However, as Foreign Policy notes, "[Ukraine] does not currently produce rare earths, nor has it produced rare earths in recent decades, [...], and We Build Ukraine, a Kyiv-based think tank, estimates that Russia’s occupation has rendered 40 percent of Ukraine’s metallic mineral riches inaccessible."