WE HAVE A DEAL — Ukraine and the United States have agreed on the terms of a minerals deal and could sign it this week, according to several media reports. President Donald Trump today hinted Ukraine’s Volodymyr Zelenskyy could travel to Washington to sign the deal this week, telling reporters: “I hear that he’s coming on Friday. Certainly, it’s OK with me if he’d like to.” Ukrainian newspaper Economic Pravda cited a version of the deal dated Feb. 24 which would see Kyiv pay 50 percent of the revenues from its state-owned natural resources into a fund that would invest in Ukraine. Notably, the agreement lacks American security guarantees for Ukraine, which Kyiv was reportedly pushing for. But it also does not mention the $500 billion figure Trump was demanding in compensation for Washington’s support for Kyiv in fending off Moscow’s invasion. The agreement could be inked as early as Friday, with a potential visit by a Kyiv delegation to Washington in the works, according to AFP. It is set to be signed by Ukrainian Foreign Minister Andrii Sybiha and U.S. Secretary of State Marco Rubio. SECRET WEAPON — After being left out of discussions with the U.S. and Russia Feb. 18 on ending the war in Ukraine, European governments could go for the equivalent of the nuclear option — seizing the Russian sovereign assets that were immobilized after Moscow launched its full-scale invasion of Ukraine three years ago. Luckily for the bloc, the lion’s share of those funds — around €200 billion ($210 billion) — is being held in Brussels-based financial institution Euroclear and is earning interest. The U.S., on the other hand, holds a mere $5 billion. Seizure of those assets is a drastic option that would almost certainly guarantee Europe a bigger seat at the table, after it was frozen out by the U.S. and the Kremlin in their recent talks in Riyadh, Saudi Arabia. But as finance ministers and central bank governors gather in South Africa this week for the G20, EU governments remain divided on whether unfreezing those funds would prove to Trump that Brussels still has some muscle — or whether it would backfire. Amid the looming threat of U.S. disengagement from Ukraine, Russia hawks argue that unfreezing the cash and handing it to Kyiv would allow the war-torn country to gain the upper hand on the battlefield and resist Trump’s demands to end the war. But the opposing camp in Europe contains the big guns — France, Germany, Italy, Spain and European Commission President Ursula von der Leyen — who fear that in confiscating the funds the EU would spook international investors and relinquish its greatest advantage in the peace talks.
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