By Mohammed Bello Doka
In a shocking display of economic imperialism, the United States is reportedly pressuring Ukraine to hand over 50% ownership of its rare earth mineral wealth—a deal that would see Washington gaining control of $6 trillion worth of resources in exchange for the $91 billion in aid provided during the war.
The proposal, which was quietly presented by U.S. Treasury Secretary Scott Bessent to President Volodymyr Zelenskyy in Kyiv, has ignited a storm of controversy. What was once framed as humanitarian and military support to help Ukraine defend itself from Russian aggression now seems to be revealing a darker reality—an opportunity for Washington to loot Ukraine’s vast mineral deposits under the guise of assistance.
From Aid to Economic Takeover?
Since the start of the war, Ukraine has relied heavily on Western support, with the U.S. leading the charge in supplying weapons, intelligence, and economic assistance. However, this latest revelation suggests that Washington is now looking to cash in on its investment, turning aid into leverage for long-term economic control.
"This isn’t just about helping Ukraine; it’s about making sure America owns a piece of its future," said an anonymous European diplomat familiar with the ongoing negotiations. "The U.S. doesn’t give anything for free, and Ukraine is now learning that the hard way."
If Ukraine agrees to this deal, it would mean ceding half of its rare earth mineral wealth—a collection of resources crucial for manufacturing everything from fighter jets to smartphones, electric vehicles, and space technology. These minerals, which include lithium, titanium, and neodymium, are among the most sought-after resources in the world.
America’s Exploitative History With Its So-Called Allies
This is not the first time the U.S. has taken advantage of a war-torn or vulnerable nation under the pretense of “assistance.” Throughout history, Washington has used aid and military support as a tool to extract resources, impose economic policies, and maintain strategic control over weaker allies.
- Iraq (2003–present): After the U.S. invasion, American oil companies secured billions of dollars in contracts to extract Iraqi oil, even as the country struggled with instability.
- Afghanistan (2001–2021): Trillions were spent on war efforts, but U.S. firms profited immensely from reconstruction contracts, while Afghans were left in deeper poverty.
- Latin America: U.S. intervention across the region, from Chile to Venezuela, has often involved installing governments that favor American corporate interests at the expense of local populations.
"America never fights for free," said Dr. James Whitmore, an international relations expert. "There’s always a price to be paid, and Ukraine is now being asked to sign away its future for a war it never wanted."
Zelenskyy’s Dilemma: Stand Firm or Surrender?
Faced with this blatant economic strong-arming, President Zelenskyy has so far resisted signing away Ukraine’s wealth, insisting on better terms and stronger security guarantees. But Ukraine’s bargaining power is limited. With Russia still occupying large portions of its territory and Western support beginning to wane, the pressure is mounting.
While the U.S. portrays this as a fair exchange, the reality is far from it. Washington is attempting to secure $6 trillion worth of resources for a fraction of their true value—a move that reeks of neocolonial exploitation.
"This is the kind of deal that would make the IMF blush," remarked a senior Ukrainian economic adviser, referencing the controversial history of Western financial institutions forcing crippling economic policies on weaker nations in exchange for loans.
What’s Next?
The negotiations are far from over, and Ukraine must decide whether to bow to U.S. pressure or fight for a fairer deal. If Zelenskyy agrees, the long-term consequences could be disastrous—a future where Ukraine wins the war but loses its independence to an economic overlord.
For now, the world is watching. Will Ukraine remain a proud, sovereign nation, or will it become another victim of America’s ruthless economic playbook?