News broke at dawn that

News broke at dawn that Ukraine had agreed to a "mineral" deal with the United States.

The main goal is to create a joint fund between the U.S. and Ukraine and cover 50% of Ukraine's "future profits" from mineral resources. It includes related logistics support including oil and gas. This fund is also being invested in various resource projects in Ukraine.

The FT confirmed that the clause that Ukraine would inject 500 billion U.S. dollars into a 1 trillion dollar investment fund with Mineral and others was excluded from the rewritten draft. The U.S. also reportedly gave up the clause.

It is said that the deal is not as outrageous as the previous one, which Zelensky immediately rejected, and that some of Ukraine's demands have been accepted. However, it is not specifically included how much the United States will contribute, and it remains to be seen how the concept of "joint ownership" of various resources and projects will materialize.

Most of all, the concern is that specific wordings on security guarantees have not been properly included.

However, a large-scale agreement is being drafted, and on Friday, President Zelensky will go to the United States to meet President Trump. Zelenskros also had to focus on "improving relations" with the United States, so the leverage of negotiations was not significant.

Still, the FT points out that it is fortunate that it has been stated that the fund is investing in Ukraine again. It also included that the US supports Ukraine's economic development.

And another good thing is where Ukraine's core resources are, as shown in the attached map, although there is a significant amount of occupied land.

It is not over yet. How the negotiations will proceed and the details will be important. As Macron recently met with Trump, we need to see what role the EU plays in this process.