Zelensky urges allies to ‘invest’ in mineral wealth

Ukrainian President Volodymyr Zelensky said on Saturday Kyiv wants its allies to invest in its mineral resources after US President Donald Trump asked for "rare earths" in exchange for military aid. (AP/File)
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Updated 08 February 2025
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Zelensky urges allies to ‘invest’ in mineral wealth

  • “We have mineral resources. This does not mean that we give them away to anyone, even to strategic partners,” Zelensky posted on social media
  • “It is about partnership. Put your money in. Invest. Let’s develop this together and make money”

KYIV: Ukrainian President Volodymyr Zelensky said on Saturday Kyiv wants its allies to invest in its mineral resources after US President Donald Trump asked for “rare earths” in exchange for military aid.
“We have mineral resources. This does not mean that we give them away to anyone, even to strategic partners,” Zelensky posted on social media, quoting answers he had given in an interview with Reuters news agency.
“It is about partnership. Put your money in. Invest. Let’s develop this together and make money,” Zelensky said.
Trump said this week the United States was “looking to do a deal with Ukraine, where they’re going to secure what we’re giving them with their rare earths and other things.”
Quoting his Reuters interview, Zelensky said Ukraine’s mineral wealth was worth “trillions of dollars,” citing its reserves of titanium and uranium, which he described as the largest in Europe.
He said it is very important for Ukraine to “keep all this” because these resources represent “security guarantees,” adding that he also did not want them to fall into Russia’s hands.
Trump’s call for a deal involving rare earths prompted criticism from the German Chancellor Olaf Scholz on Saturday,
“We are helping (Ukraine) without asking to be paid in return. This should be everyone’s position,” he told the RND media group.
The US president said on Friday he would “probably” meet Zelensky next week in a location outside Ukraine.
Zelensky wrote on X on Friday that Ukraine and the US were “planning meetings and talks” and “working out the details,” without confirming there would be talks next week.
Trump has urged both Moscow and Kyiv to negotiate an end to the war, which is nearing a third year with Russia making steady advances in east Ukraine.
The US leader has said he is ready to meet Zelensky and Russian President Vladimir Putin, but no talks have been confirmed.


Zelensky says Ukrainian air force needs to improve as Russian drone barrages take a toll

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Zelensky says Ukrainian air force needs to improve as Russian drone barrages take a toll

  • Zelensky said Friday he had discussed with his defense minister and the air force commander what new air defense measures Ukraine needs to counter the Russian barrages
  • Russia fired 328 drones and seven missiles at Ukraine overnight and in the early morning

KYIV: Ukrainian President Volodymyr Zelensky on Friday described the performance of the air force in parts of the country as “unsatisfactory,” and said that steps are being taken to improve the response to large-scale Russian drone barrages of civilian areas.
The repeated Russian aerial assaults have in recent months focused on Ukraine’s power grid, causing blackouts and disrupting the heating and water supply for families during a bitterly cold winter.
With the war about to enter its fifth year later this month following Russia’s all-out invasion of its neighbor, there is no sign of a breakthrough in US-led peace efforts following the latest talks this week.
Further US-brokered meetings between Russian and Ukrainian delegations are planned “in the near future, likely in the United States,” Zelensky said.
Zelensky said Friday he had discussed with his defense minister and the air force commander what new air defense measures Ukraine needs to counter the Russian barrages. He didn’t elaborate on what would be done.
Russia fired 328 drones and seven missiles at Ukraine overnight and in the early morning, the air force said, claiming that air defenses shot down 297 drones.
One person was killed and two others were injured in an overnight Russian attack using drones and powerful glide bombs on the central Dnipropetrovsk region, according to the head of the regional military administration, Oleksandr Hanzha.
A Russian aerial attack on the southern Zaporizhzhia region during early daylight hours injured eight people and damaged 18 apartment blocks, according to regional military administration head Ivan Fedorov.
A dog shelter in the regional capital was also struck, killing 13 dogs, Zaporizhzhia City Council Secretary Rehina Kharchenko said.
Some dogs were rushed to a veterinary clinic, but they could not be saved, she said. Seven other animals were injured and are receiving treatment.
Amid icy conditions in Kyiv, more than 1,200 residential buildings in multiple districts of the capital have had no heating for days due to the Russian bombardment of the power grid, according to Zelensky.
The UK defense ministry said Friday that Ukraine’s electricity network “is experiencing its most acute crisis of the winter.”
Mykola Tromza, an 81-year-old pensioner in Kyiv, said he has had his power restored, but recently went without heating and water at home for a week.
“I touched my nose and by God, it was like an icicle,” Tromza said. He said he ran up and down to keep warm.
Russia’s Defense Ministry said that air defenses downed 38 Ukrainian drones overnight, including 26 over the Bryansk region.
Bryansk Gov. Alexander Bogomaz said the attack briefly cut power to several villages in the region.
Another Ukrainian nighttime strike damaged power facilities in the Russian city of Belgorod, disrupting electricity distribution, Gov. Vyacheslav Gladkov said.
Local reports said that Ukrainian missiles hit a power plant and an electrical substation, cutting power to parts of the city.
Fierce fighting has also continued on the front line despite the frigid temperatures.
Ukraine’s Commander in Chief, Col. Gen. Oleksandr Syrskyi, said the front line now measures about 1,200 kilometers (750 miles) in length along eastern and southern parts of Ukraine.
The increasing technological improvements to drones on both sides mean that the so-called “kill zone” where troops are in greatest danger is now up to 20 kilometers (12 miles) deep, he told reporters on Thursday in comments embargoed until Friday.