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Newshour

Ukraine PM says minerals deal agreed with US

Newshour

BBC

News, Daily News

4.4984 Ratings

🗓️ 26 February 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Ukraine's Prime Minister Denys Shmyhal says a major minerals deal has been agreed with the US. But the details are not yet clear. We ask an adviser to the Ukrainian government.

Also, an interview with the president of the think tank which drew up what is essentially a manifesto for the second Trump term, called Project 2025, and we look at how the energy giant BP says it will pump $10 billion a year into boosting oil and gas production while slashing spending on cleaner renewable energy sources.

(Photo: Bloomberg via Getty Images)

Transcript

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0:00.0

Hello and welcome to News Hour from the BBC World Service.

0:06.6

We're coming to you live from London. I'm James Menendez.

0:10.3

Will the Trump administration continue to underwrite Ukraine's defence and security

0:15.2

in the event of any peace agreement with Russia?

0:18.2

Well, key to the future of the relationship between Kiev and Washington

0:21.9

seems to be a deal, just agreed in principle, allowing for the joint exploitation of Ukraine's

0:27.5

extensive mineral resources. Initially, President Trump talked of extracting $500 billion from the deal

0:35.2

as payment for past military assistance, which is so far, by the way,

0:40.2

more like a third of that figure. Well, that demand seems to have been dropped, although details

0:45.7

remain scarce at this stage. We do know that so far the agreement doesn't include any guarantees

0:51.1

about Ukraine's future security. And that's according to President Zelensky, who's been speaking in the past hour or so.

0:58.7

This visit before Putin is a very good signal, first of all.

1:02.3

I think so.

1:03.3

To my mind, I don't know how it will be.

1:05.2

So I want to coordinate our position with American position.

1:09.9

The war is in Ukraine.

1:11.2

So for me, the Ukrainian position is a priority.

1:16.9

Well, as he suggested there, he may well be going to Washington this week.

1:22.9

And there is a suggestion that the deal might in some form also be signed on Friday.

1:28.4

Here's Mr. Trump speaking to reporters at the White House.

1:31.5

I hear that he's coming on Friday.

1:33.2

Certainly it's okay with me if he'd like to,

...

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