The president cut a very good deal with Ukraine the other day.
The rare earth minerals deal between the United States and Ukraine is a deal Ukraine should have signed back in February. Well, they finally came around and signed it on Wednesday.
According to the New York Post:
The agreement, inked on Wednesday after months of negotiations, created a shared investment fund to which both nations will contribute — including through oil, gas and mineral rights licenses sold in Ukraine — with the profits split 50/50.
So the United States is not taking money and just throwing it into this fund. We will basically earn credit toward our total contribution equal to the cost of military equipment, technology, or training that we send across the Atlantic. The additional military aid we provide to Ukraine is going to be counted against whatever we would have had to pay into this fund. In some…
