Trump’s minerals deal: bad for Ukraine, bad for climate

Global Witness criticizes a draft US-Ukraine deal proposed by Donald Trump, which would grant the US control over half of Ukraine's revenues from new oil, gas, and mining projects via a US-controlled 'Reconstruction Investment Fund'. The analysis suggests this puts $353 billion of oil and gas revenue at risk and allows the US to restrict Ukraine's mineral exports to other countries. The document argues that such an arrangement prioritizes US 'war debt' recovery over Ukrainian public services and pushes the country toward fossil fuel dependency instead of a sustainable, green reconstruction.

• A draft deal proposed by Donald Trump in late March would require Ukraine to give half of the revenues from all new oil, gas, and mining projects, as well as connected infrastructure like ports and pipelines, to a US-controlled 'Reconstruction Investment Fund'.
• Global Witness analysis indicates that $353 billion of Ukraine's oil and gas revenues are at risk of being seized by the US under the proposed deal, with additional billions expected from mining projects.
• The proposed deal grants the US significant control over Ukraine's resources, including the power to block mineral sales to specific countries and a right of first refusal on all new oil, gas, and mineral development projects.
• The deal requires Ukraine to disclose sensitive business plans, geological reports, and financial projections for both new and existing resource projects to US managers of the fund.
• The document asserts that focusing on oil, gas, and coal revenues for reconstruction would lead to environmental destruction and climate damage, opposing a 'just transition' and green reconstruction for Ukraine.

APA

Global Witness (n.d.). Trump’s minerals deal: bad for Ukraine, bad for climate. https://globalwitness.org/en/campaigns/transition-minerals/trumps-minerals-deal-bad-for-ukraine-bad-for-climate/

Chicago

Global Witness. Trump’s minerals deal: bad for Ukraine, bad for climate. n.d. https://globalwitness.org/en/campaigns/transition-minerals/trumps-minerals-deal-bad-for-ukraine-bad-for-climate/.

Wikipedia

{{cite press release |author=Global Witness |title=Trump’s minerals deal: bad for Ukraine, bad for climate |url=https://globalwitness.org/en/campaigns/transition-minerals/trumps-minerals-deal-bad-for-ukraine-bad-for-climate/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{globalwitnessndtrumps, author = {{Global Witness}}, title = {{Trump’s minerals deal: bad for Ukraine, bad for climate}}, publisher = {Global Witness}, url = {https://globalwitness.org/en/campaigns/transition-minerals/trumps-minerals-deal-bad-for-ukraine-bad-for-climate/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }