Volodymyr Zelenskyy has told Donald Trump “let’s do a deal” as he offered the US a partnership over Ukraine’s stores of rare earth and minerals.
Earlier this week, Mr Trump said he wanted Ukraine to supply the US with critical resources in exchange for financial support in its war with Russia.
In an interview with Reuters on Friday, Mr Zelenskyy said: “If we are talking about a deal, then let’s do a deal, we are only for it.”
While emphasising that Kyiv was not proposing “giving away” its resources, he said he was open to a mutually beneficial partnership to develop them jointly.
Rare earths are a group of 17 metals that are vital in the production of high-performance magnets, electric motors and consumer electronics.
Mr Zelenskyy touted the country’s reserves of titanium and uranium as Europe’s largest.
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According to the World Economic Forum, Ukrainealso has the potential to become a key supplier of lithium, beryllium, manganese, gallium, zirconium, graphite, apatite, fluorite and nickel.
Showing a map of Ukraine’s mineral deposits, he then said Russiacurrently has control of less than 20% of the country’s mineral resources – but that includes about half its rare earth deposits.
Image: Zelenskyy said Ukraine has Europe’s largest stores of titanium and uranium. Pic: Reuters
“Putin is not just grabbing them [minerals] along with the land, he is already thinking about how to get other partners in his alliance – North Korea, Iran… and he will give them access,” Mr Zelenskyy said.
“This is very rich land. This does not mean that we are giving it away to anyone, even to strategic partners. We are talking about partnership…
“Let’s develop this together, make money, and most importantly, it’s about the security of the Western world.”
The Ukrainian president added that Kyiv and the White House were discussing the idea of using the country’s underground gas storage sites to store American liquefied natural gas, calling it “very interesting”.
He also said he would like to discuss the US having priority when it came to rebuilding Ukraine, saying it would amount to “a lot of money for business”.
‘Not accepting Russia’s ultimatums’
He also insisted that Mr Trump must meet with him before he meets with the Russian president, “otherwise it will look like a dialogue about Ukraine without Ukraine”.
He added: “I don’t know what compromises can be discussed at the negotiating table, we have not reached that point…
“It is important for people to understand that Ukraine is negotiating, not accepting ultimatums from Russia.”
He also stressed Ukraine’s need for security guarantees from its allies as part of any settlement.
It comes as Mr Trump said he may meet with Mr Zelenskyy in the White House as early as next week. The two last met in New York in September last year.
Mr Trump also repeated his interest in meeting the Russian president with whom he said he always had a “good relationship”.
Speaking to reporters while meeting with Japanese Prime Minister Shigeru Ishiba, Mr Trump said: “I’d like to see it end, just on a human basis. I’d like to see that end. It’s a ridiculous war.”
Mr Zelenskyy also told Reuters in his interview that thousands of North Korean soldiers have now returned to fight Kyiv’s forces in the Kursk region of Russia.
Donald Trump and Volodymyr Zelenskyy are set to hold talks over the Ukraine peace plan.
US and Ukrainian officials have held discussions in Geneva about a controversial 28-point proposal drawn up by America and Russia, which has since been countered by an amended deal drawn up by Kyiv’s European allies.
The White House said there were still a “couple of points of disagreement” as of Monday night, but spokeswoman Karoline Leavitt said there was a “sense of urgency” to strike an agreement.
“The president wants to see this deal come together, and to see this war end,” she added.
Mr Zelenskyy echoed that message, saying “there is still work for all of us to do to finalise the document”.
“We must do everything with dignity,” he said in his nightly video address, adding: “The sensitive issues, the most delicate points, I will discuss with President Trump.”
Image: Karoline Leavitt speaks with reporters at the White House. Pic: AP
It comes after Mr Trump, who had accused Ukraine of not being grateful enough for US military support while the Geneva talks were under way, suggested the process could be moving in the right direction.
He had earlier given Kyiv until Thursday to agree to the plan, but US Secretary of State Marco Rubio downplayed the deadline, saying officials could keep negotiating.
Moscow, however, has already signalled its opposition to the European version of the peace plan.
It would halt fighting at present front lines, leaving discussions of territory for later, and also include a NATO-style US security guarantee for Ukraine.
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2:41
Russian drones devastate Kharkiv
The talks in Geneva, Switzerland, had begun with Mr Rubio denying the original plan was written by Russia.
It appeared to include a number of longstanding Kremlin demands that have proved impossible for Kyiv, including sacrificing territory Russian forces have not even seized since the war began.
Ms Leavitt has also insisted the US is not favouring the Russians.
Image: Ukrainian troops fire near the frontline town of Pokrovsk. Pic: Reuters
Starmer to lead talks of Ukraine’s allies
Ukraine’s allies in the so-called “coalition of the willing” will hold a virtual meeting today, chaired by Sir Keir Starmer.
The British prime minister said the alliance was focused on achieving a “just and lasting peace”.
It “matters for all of us, because the conflict in Ukraine has had a direct impact here in the UK”, he added.
Russia and Ukraine report overnight attacks
The talks will begin hours after the governor of Russia’s Rostov region reported three people had been killed and 10 more injured in a Ukrainian attack overnight.
The Russian defence ministry said 249 Ukrainian drones were downed over Russian regions in total.
Meanwhile, Russian drone strikes in Kyiv left at least two dead and triggered fires on residential buildings – forcing evacuations, and leaving several people injured.
Image: Drone strikes rocked Kyiv in the early hours of Tuesday. Pic: Ukrainian emergency services/Telegram
The war was also a topic of discussion in a call between Mr Trump and China’s Xi Jinping on Monday.
Mr Xi urged “all parties” in the conflict to “reduce differences”, according to Chinese state news agency Xinhua.
He reiterated that China supported all efforts conducive to peace.
China has remained a consistent ally of Russia throughout its invasion of Ukraine, and is the top buyer of Russian oil, along with India.
Taiwan’s prime minister has warned that a “return” to China is not an option.
Cho Jung-tai’s remarks came hours after President Xi Jinping mentioned the issue on a phone call with his US counterpart Donald Trump.
Mr Xi had described Taiwan’s return to mainland China as “an integral part of the post-war international order”.
But the island’s democratically elected government has rejected this – describing Taiwan as a “fully sovereign and independent country”.
“For the 23 million people of our nation, ‘return’ is not an option – this is very clear,” Mr Cho added.
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25:53
Is Taiwan ready for a Chinese invasion?
China has offered Taiwan a “one country, two systems” model, but this position is not supported by any mainstream political party.
Meanwhile, relations between Beijing and Tokyo recently plunged to fresh lows after Japan’s prime minister suggested any attack on Taiwan would spark a military response.
Sanae Takaichi’s remarks were swiftly denounced by China’s foreign ministry, which said Japan had “crossed a red line that should not have been touched”.
Sun Yun from the Stimson Centre thinktank said: “My best guess is China is worried about the escalation with Japan.
“The reference to Taiwan and the post-World War II order directly points to the spat with Japan over Taiwan.”
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Trump scores Xi meeting out of 10
The US has not taken a side when it comes to Taiwan’s sovereignty but is opposed to any use of force to seize the territory.
Mr Trump’s administration has also been ambiguous over whether it would deploy US troops if war broke out in the Taiwan Strait.
Yesterday, Taiwan’s defence ministry spotted a single balloon from China flying over the strait and claims this is part of a campaign of harassment by Beijing.
Chinese officials have previously dismissed these complaints, arguing the balloons are for meteorological purposes.
In other developments, Mr Trump has confirmed that he will visit Beijing in April – with Mr Xi set to travel to Washington for a state visit later in 2026.
The US secretary of state has hailed a “tremendous amount of progress” on peace talks after the US and Ukraine delegations met in Geneva – but said that negotiators would “need more time”.
Marco Rubio said the meetings in Switzerland on Sunday have been “the most productive and meaningful” of the peace process so far.
He said the US was making “some changes” to the peace plan, seemingly based on Ukrainian suggestions, “in the hopes of further narrowing the differences and getting closer to something that both Ukraine and obviously the United States are very comfortable with”.
Mr Rubio struck an optimistic tone talking to the media after discussions but was light on the details, saying there was still work to be done.
Image: US secretary of state Marco Rubio in Geneva after peace talks with Ukraine. Pic: Reuters
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Analysis: Rubio strikes an optimistic tone – but is light on detail
“I don’t want to declare victory or finality here. There’s still some work to be done, but we are much further ahead today at this time than we were when we began this morning and where we were a week ago for certain,” Mr Rubio said.
He also stressed: “We just need more time than what we have today. I honestly believe we’ll get there.”
Sky News’ defence analyst Michael Clarke said on the initial US-Russian 28-point peace plan that it was Donald Trump against the world, with maybe only Moscow on his side.
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9:21
Is Trump’s plan a ‘capitulation document’?
Mr Rubio praised the Ukrainian attitude towards the talks and said Mr Trump was “quite pleased” after he previously said in a social media post that Ukraine’s leaders had expressed “ZERO GRATITUDE” for US efforts.
Ukrainian President Volodymyr Zelenskyy said in his nightly address on Sunday that there are signs that “President Trump’s team hears us”.
In a news release on Sunday evening, the White House said the day “marked a significant step forward”.
“Ukrainian representatives stated that, based on the revisions and clarifications presented today, they believe the current draft reflects their national interests and provides credible and enforceable mechanisms to safeguard Ukraine’s security in both the near and long term,” it claimed.
Despite diplomatic progress in Geneva the finish line remains a long way off
We’ve witnessed a day of determined and decidedly frantic diplomacy in this well-heeled city.
Camera crews were perched on street corners and long convoys of black vehicles swept down Geneva’s throughfares as the Ukrainians worked hard to keep the Americans on side.
Secretary of state Marco Rubio did not want to go into details at a press “gaggle” held at the US Mission this evening, but he seemed to think they had made more progress in the last 96 hours than the previous 10 months combined.
The Ukrainian leader Volodymyr Zelenskyy also seemed satisfied enough, posting on Telegram that there were “signals President Trump’s team is hearing us” after a day of “numerous meetings and negotiations”.
That said, we are a long way from the finish line here – something Rubio acknowledged when he said that any proposal agreed here would have to be handed over to the Russians.
At that point, negotiations to stop the war would surely get tougher.
President Putin has shown little or no inclination to stop the conflict thus far.
This, then, is the most important reason the Ukrainians seem determined to keep the Americans on side.
European leaders have presented a counter proposal to the widely criticised US-Russian peace plan, with suggestions including a cap on Ukraine’s peacetime army and readmitting Moscow into the G8.
This will only take place if the plan is agreed to by the US, Russia and Ukraine, and the G7 signs off on the move. Russia was expelled after annexing Crimea in 2014.
The counter proposal also includes US guarantees to Ukraine that mirror NATO’s Article 5 – the idea that “an armed attack against one NATO member shall be considered an attack against them all”.
The initial peace plan was worked up by the White House and Kremlin without Ukraine’s involvement, and it acquiesces to many of Russia’s previous demands.
It covers a range of issues – from territorial concessions to reconstruction programmes, the future Ukrainian relationship with NATO and the EU, and educational reforms in both Ukraine and Russia.