Published: 10:00, March 3, 2025
Zelensky says still ‘ready to sign’ minerals deal with US
By Xinhua

Ukraine's President Volodymyr Zelensky prepares for a plenary meeting at a summit held at Lancaster House in central London on March 2, 2025. (PHOTO / AFP)

LONDON - Ukrainian President Volodymyr Zelensky said Sunday that he is still "ready to sign" a minerals deal with the United States.

Despite a fractious meeting with US President Donald Trump last week, he is still willing to have a "constructive dialogue" with the United States, Zelensky told BBC following a summit with Western leaders in London.

Zelensky's statement came after his meeting with Trump on Friday turned into a heated exchange, leading to the cancellation of an anticipated bilateral raw materials agreement.

The draft deal, as US media reported, included the establishment of a fund to be jointly owned by Ukraine and the United States, to which Ukraine will contribute 50 percent of its revenues from the future monetization of natural resources, including critical minerals, oil and gas.

ALSO READ: Zelensky told to leave White House after spat with Trump

After the Sunday summit, British Prime Minister Keir Starmer said that leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine and that Britain will allow Ukraine to use 1.6 billion pounds ($2 billion) of British export finance to purchase more than 5,000 air defense missiles. 

"This will be vital for protecting critical infrastructure and strengthening Ukraine," Starmer told a press conference following a summit with Western leaders in London.

The goal is "to put Ukraine in the strongest position" so the country can negotiate from a position of strength, he added.

Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

ALSO READ: European leaders defend Zelensky after fiery White House meeting

Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine's sovereignty and security, with Ukraine at the table for any negotiations; to deter "any future invasion by Russia" in the event of a peace deal; and to establish a "coalition of the willing" to defend Ukraine and uphold peace in the country.

The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

The prime minister reaffirmed Britain's commitment to supporting the peace plan with "boots on the ground, and planes in the air."

"Europe must do the heavy lifting," he said, emphasizing that the agreement needs US backing.

READ MORE: Trump says Ukraine can 'forget about' joining NATO

"Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together," he said.

Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve "lasting peace" -- a strong Ukraine, a European element with security guarantees, and a US backstop, with the last one being the subject of "intense" discussion.

The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Zelensky and Trump at the White House.

On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK's "unwavering determination" to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine's defense capabilities.