German chancellor slams Trump’s Ukraine rare earths demand

German Chancellor Olaf Scholz speaks as he campaigns for the 2025 general election, in Leipzig, Germany, on February 8, 2025.

German Chancellor Olaf Scholz speaks as he campaigns for the 2025 general election, in Leipzig, Germany, on February 8, 2025.
| Photo Credit: Reuters

German chancellor Olaf Scholz slammed as “selfish and self-serving” Donald Trump’s demands for Ukrainian rare earths in exchange for U.S. military aid, in an interview published on Saturday (February 8, 2025).

Rare earths group metals used to transform power into motion in a vast array of things ranging from electric vehicles to missiles and there is no substitute for them.

“Ukraine is under attack and we are helping it, without asking to be paid in return. This should be everyone’s position,” Mr. Scholz told the RND media group, when asked about Mr. Trump’s demands for a possible quid pro quo for U.S. aid.

The German chancellor had already described Mr. Trump’s demands as “very selfish” on Monday (February 3, 2025) after a European Union summit in Brussels.

He had said Ukraine’s resources should be used to finance everything needed after the war, such as reconstruction and maintaining a strong army.

“It would be very selfish, very self-serving” to demand something from Ukraine in exchange for aid, he said.

Mr. Trump had said he wanted “equalisation” from Ukraine for Washington financial support, adding, “We’re telling Ukraine they have very valuable rare earths. We’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earths and other things”.

He added, “I want to have security of rare earth. We’re putting in hundreds of billions of dollars. They have great rare earth. And I want security of the rare earth, and they’re willing to do it.”

On Friday (February 7, 2025), Ukrainian President Volodymyr Zelenskyy said Washington and Kyiv were planning “meetings and talks”, after Mr. Trump raised a possible meeting with him next week.

Mr. Zelenskyy said on Tuesday (February 8, 2025) that Ukraine was ready to receive investment from U.S. firms in its rare earths — or metals widely used in electronics.

In a peace plan unveiled in October, Mr. Zelenskyy had, without specifically mentioning rare earths, proposed a “special agreement” with his country’s partners, allowing for “common protection” and “joint exploitation” of strategic resources.

He had cited as examples “uranium, titanium, lithium, graphite and other strategic resources of great value”.

ibounion : In a fast-paced world, staying updated with the latest events is more important than ever. "Stay Ahead with Breaking News" is your go-to platform for real-time updates, delivering accurate and timely information as it unfolds. From politics and business to entertainment and sports, we cover a wide range of topics to ensure you never miss a beat. Whether it's global headlines or local stories, our mission is to bring you the news that truly matters.

Post Comment