Putin open to rare earth deals if US lifts sanctions
Vladimir Putin has expressed readiness for economic cooperation with the USA, including in the energy sector and the extraction of rare earth minerals. The Kremlin's declaration came after US President Donald Trump announced that he was holding "serious talks" with Russia about ending the war in Ukraine and "trying to make economic deals" with Moscow, emphasizing Russia's "vast rare earth resources."
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Russian President Vladimir Putin stated that Moscow is ready to cooperate with American companies in the extraction of rare earth minerals both in Russia and in the territories occupied by Russia in Ukraine.
In an interview with state television, Putin stressed that Russia possesses far greater resources of this kind than Ukraine. He highlighted that Russia is among the world’s leading countries in rare metal reserves. Additionally, he noted that some reserves exist in newly acquired territories, and Russia is open to involving foreign partners in their development—referring to the occupied regions of Ukraine.
Possibility of lifting sanctions
Putin added that Russia would be willing to sell "about 2 million tons" of aluminum to the American market if the USA lifted sanctions limiting the import of Russian metals. He emphasized that Trump's approach to Russia and Ukraine is based not so much on emotions but on cold calculation, a rational approach to the current situation.
"I’ve spoken to President Putin, and my people are dealing with him constantly, and his people in particular, and they want to do something," said Donald Trump during a conference at the White House. "I mean, that’s what I do. I do deals. My whole life is deals. That’s all I know, is deals. And I know when somebody wants to make it and when somebody doesn’t" added the US President.
Ukraine has previously stressed that it wants security guarantees from the USA as part of any agreement—something the US President has been reluctant to comment on so far. "I may be wrong, but I believe he wants to make a deal," said Trump when asked about his conviction that he can trust Putin.
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