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W
ASHINGTON — The U.S. and
Ukraine announced on Wed-
nesday an economic agree-
ment after a weekslong press by Presi-
dent Donald Trump on Ukraine to
compensate Washington for billions in
military and economic assistance to
help Ukraine repel the Russian inva-
sion.
Treasury Secretary Scott Bessent
said in a video posted to X that “this
partnership allows the United States
to invest alongside Ukraine, to un-
lock Ukraine’s growth assets, mobil-
ize American talent, capital and gov-
ernance standards that will improve
Ukraine’s investment climate and ac-
celerate Ukraine’s economic recovery.”
The announcement comes at a critic-
al moment in the war as Trump has
grown increasingly frustrated with
leaders of Russia and Ukraine with the
brutal fighting dragging on.
The American president has criti-
cized Ukrainian President Volodymyr
Zelenskyy for steps that he said were
prolonging the killing, and he has re-
buked Russian President Vladimir Pu-
tin for complicating negotiations with
“very bad timing” in launching deadly
strikes on Kyiv.
Trump on Saturday met with Zelen-
skyy on the sidelines of Pope Francis’s
funeral.
Ukraine’s Economy Minister Yulia
Svyrydenko in a post on X celebrated
the breakthrough.
“Together with the United States, we
are creating the Fund that will attract
global investment to our country,” she
said.
The two sides offered only barebone
details about the structure of the deal,
but it is expected to give the U.S. ac-
cess to its valuable rare minerals in the
hopes of ensuring continued American
support for Kyiv in its grinding war
with Russia.
Svyrydenko flew to Washington on
Wednesday to help finalize the deal,
Prime Minister Denys Shmyhal said
during an appearance on Ukrainian
television.
Although the main part of the agree-
ment had been settled, there were still
hurdles to overcome, said a senior
Ukrainian official who spoke on condi-
tion of anonymity because the official
wasn’t authorized to discuss the matter
publicly.
For Ukraine, the agreement is seen
as key to ensuring its access to future
U.S. military aid.
“Truly, this is a strategic deal for
the creation of an investment partner
fund,” Shmyhal said. “This is truly an
equal and good international deal on
joint investment in the development
and restoration of Ukraine between the
governments of the United States and
Ukraine.”
Trump began his push for a deal in
February that he wanted access to
Ukraine’s rare earth materials as a con-
dition for continued U.S. support in the
war, describing it as reimbursement for
the billions of dollars in aid the U.S. has
given to Kyiv.
But talks stalled after a tense Oval
Office meeting of U.S. and Ukrainian
leaders, and reaching an agreement
since then has proven difficult and
strained relations between Washington
and Kyiv.
Negotiations appeared to drag on till
shortly before the two sides confirmed
an agreement had been signed on the
deal.
Earlier Wednesday, Bessent said
during a Cabinet meeting at the White
House — hours after Ukrainian offi-
cials indicated a deal was nearly final-
ized — that there was still work to do.
“The Ukrainians decided last night
to make some last-minute changes,”
Bessent said when asked about reports
that Ukraine was ready to agree to the
pact. “We’re sure that they will recon-
sider that. And we are ready to sign this
afternoon if they are.”
He didn’t elaborate as to the late
changes he said Ukraine made.
The U.S. has been seeking access to
more than 20 raw materials deemed
strategically critical to its interests, in-
cluding some non-minerals such as oil
and natural gas.
Among them are Ukraine’s deposits
of titanium, which is used for making
aircraft wings and other aerospace
manufacturing, and uranium, which is
used for nuclear power, medical equip-
ment and weapons.
Ukraine also has lithium, graphite
and manganese, which are used in elec-
tric vehicle batteries.
After Kyiv felt the initial U.S. draft
of the deal disproportionately favoured
American interests, it introduced new
provisions aimed at addressing those
concerns.
According to Shmyhal, the latest ver-
sion would establish an equal partner-
ship between the two countries and last
for 10 years. Financial contributions to
a joint fund would be made in cash, and
only new U.S. military aid would count
toward the American share.
Assistance provided before the agree-
ment was signed would not be counted.
Unlike an earlier draft, the deal would
not conflict with Ukraine’s path toward
European Union membership — a key
provision for Kyiv.
The Ukrainian Cabinet approved the
agreement Wednesday, empowering
Svyrydenko to sign it in Washington.
Once signed by both sides, the deal
would need to be ratified by the Ukrain-
ian Parliament before it could take ef-
fect.
The negotiations come amid rocky
progress in Washington’s push to stop
the war.
Putin backs calls for a ceasefire be-
fore peace negotiations, “but before it’s
done, it’s necessary to answer a few
questions and sort out a few nuances,”
Kremlin spokesman Dmitry Peskov
said.
Putin is also ready for direct talks
with Ukraine without preconditions to
seek a peace deal, he added.
“We realize that Washington wants to
achieve quick progress, but we hope for
understanding that the Ukrainian crisis
settlement is far too complex to be done
quickly,” Peskov said during his daily
conference call with reporters.
Trump has expressed frustration
over the slow pace of progress in negoti-
ations aimed at stopping the war. West-
ern European leaders have accused Pu-
tin of stalling while his forces seek to
grab more Ukrainian land. Russia has
captured nearly a fifth of Ukraine’s ter-
ritory since Moscow’s forces launched
a full-scale invasion on Feb. 24, 2022.
Trump has long dismissed the war as
a waste of lives and American taxpay-
er money — a complaint he repeated
Wednesday during his Cabinet meet-
ing. That could spell an end to crucial
military help for Ukraine and heavier
economic sanctions on Russia.
The U.S. State Department on Tues-
day tried again to push both sides to
move more quickly and warned that the
U.S. could pull out of the negotiations if
there’s no progress.
“We are now at a time where concrete
proposals need to be delivered by the
two parties on how to end this conflict,”
department spokeswoman Tammy
Bruce quoted U.S. Secretary of State
Marco Rubio as telling her.
Russia has effectively rejected a U.S.
proposal for an immediate and full 30-
day ceasefire, making it conditional on
a halt to Ukraine’s mobilization effort
and Western arms supplies to Kyiv.
Russian Foreign Minister Ser-
gey Lavrov claimed Wednesday that
Ukraine had accepted an unconditional
truce only because it was being pushed
back on the battlefield, where the larger
Russian forces have the upper hand.
Meanwhile, Ukrainian civilians have
been killed or wounded in attacks every
day this year, according to a UN report
presented Tuesday in New York.
The UN Human Rights Office said in
the report that in the first three months
of this year, it had verified 2,641 civil-
ian casualties in Ukraine. That was al-
most 900 more than during the same
period last year.
Also, between April 1-24, civilian cas-
ualties in Ukraine were up 46 per cent
from the same weeks in 2024, it said.
The daily grind of the war shows no
sign of letting up. A nighttime Russian
drone attack on Ukraine’s second-lar-
gest city, Kharkiv, wounded at least 45
civilians, Ukrainian officials said.
Also Wednesday, the Ukrainian Sec-
urity Service claimed its drones struck
the Murom Instrument Engineering
Plant in Russia’s Vladimir region over-
night, causing five explosions and a fire
at the military facility. The claim could
not be independently verified.
— The Associated Press
TOP NEWS
A3 THURSDAY MAY 1, 2025 ● ASSOCIATE EDITOR, NEWS: STACEY THIDRICKSON 204-697-7292 ● CITY.DESK@FREEPRESS.MB.CA ● WINNIPEGFREEPRESS.COM
U.S., Ukraine sign minerals deal as war rages
Pact seen as tipping
point as America
grows frustrated with
Russia’s intransigence
SAMYA KULLAB, HANNA ARHIROVA
AND AAMER MADHANI
ANDREW HARNIK / GETTY IMAGES
Ukraine President Volodomyr Zelenskyy and U.S. President Donald Trump held a tense standoff in the Oval Office in February. The two met again at Pope Francis’s funeral and talks resumed.
‘This is truly an equal and good international deal on joint investment
in the development and restoration of Ukraine between the governments
of the United States and Ukraine’
— Ukrainian Prime Minister Denys Shmyhal
Man faces sex crime, animal cruelty charges
A MAN facing sex crime charges is
also charged with assaulting a police
officer and cruelty to animals after he
was arrested at a Winnipeg hotel.
Members of the Manitoba integrated
high-risk sex offender unit — which is
composed of members of the Winnipeg
Police Service and RCMP — and other
officers went to the hotel in the Niakwa
neighbourhood to arrest the man on
April 7. He was wanted on outstanding
warrants.
The Free Press has confirmed the
hotel was the Travelodge on Alpine Av-
enue.
Officers saw the man in the lobby
with a large dog. He ran into a suite
with the dog and tried to prevent police
from entering, the WPS said in a news
release Wednesday.
“Once police accessed the room, he
attempted to grab a knife in his waist-
band. The dog then lunged at one of the
officers, attempting to bite them,” the
release said.
Members of the WPS tactical sup-
port team used “less-lethal munitions”
on the man and the dog prior to arrest-
ing the man.
The man was taken to hospital, as-
sessed and cleared. The dog was taken
away by the city’s animal services
agency and given medical attention.
Police spokeswoman Const. Dani Mc-
Kinnon said she could not specify what
kind of less-lethal devices officers used,
adding officers could have shot either
foam or beanbag-type rounds meant to
temporarily incapacitate suspects.
Matthew Barry Stoesz, 42, was
charged with sexual interference,
breach of a prohibition order, failing to
comply with an order or obligation, as-
saulting a peace officer with a weapon,
resisting a peace officer, possession
of a weapon and carrying a concealed
weapon, prohibited device or ammu-
nition. One of the charges is related to
Stoesz allegedly failing to register as a
sex offender.
McKinnon said the arrest is an ex-
ample of the vital work of the high-
risk sex offender unit, which works
with other justice officials to monitor
certain convicted sex criminals in the
community.
“Anytime we see the vulnerability of
— whether it’s children, youth in gen-
eral, a domestic partner and animals
— exploited, it certainly speaks to the
prolific nature of the offender and the
need to protect those within our com-
munity,” she said.
Stoesz was detained in custody. Po-
lice said they later determined more
offences between 2022 and 2025 involv-
ing a woman he was in a domestic rela-
tionship with and abuse to dogs and cats
in the man’s possession.
Stoesz was arrested again Tuesday
at the Headingley Correctional Centre
and charged with sexual assault; for-
cible confinement; assault; assault caus-
ing bodily harm; assault by choking,
suffocating or strangling; criminal ha-
rassment; harassing communications;
identity fraud; fraud over $5,000; theft
over $5,000; failure to comply with a
prohibition regarding children and two
counts of causing unnecessary pain/
suffering to animals.
He remains in custody.
fpcity@freepress.mb.ca
;