• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
PoliticsUkraine invasion

Trump demands compensation for previous US aid to Ukraine — ‘We’re asking for rare earth and oil, anything we can get’

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
February 23, 2025, 10:42 AM ET
President Donald Trump speaks at the Conservative Political Action Conference in Oxon Hill, Maryland, on Saturday.
President Donald Trump speaks at the Conservative Political Action Conference in Oxon Hill, Maryland, on Saturday. Win McNamee—Getty Images
Add Fortune on Google for similar content.

US President Donald Trump said on Saturday he was trying to get money back for the billions of dollars sent to support Ukraine’s war against Russia.

Recommended Video

His comments came as Washington and Kyiv negotiate a mineral resources deal Trump wants as compensation for the wartime aid his predecessor Joe Biden gave Ukraine.

It was the latest twist in a whirlwind first month since he took office, during which he has upended US foreign policy by making diplomatic overtures towards the Kremlin over the heads of Ukraine and Europe.

Trump told delegates at the Conservative Political Action Conference (CPAC) near Washington: “I’m trying to get the money back, or secured.

“I want them to give us something for all of the money that we put up. We’re asking for rare earth and oil, anything we can get.

“We’re going to get our money back because it’s just not fair. And we will see, but I think we’re pretty close to a deal, and we better be close because that has been a horrible situation.”

Hours earlier, a source told AFP that Ukrainian President Volodymyr Zelensky was “not ready” to sign such a deal, despite growing US pressure.

War of words

Trump’s special envoy Keith Kellogg, who met Zelensky this week, said the Ukrainian president understood signing a deal with the United States was “critical.”

But the Ukrainian source told AFP that Kyiv needed assurances first.

“In the form in which the draft is now, the president is not ready to accept, we are still trying to make changes and add constructiveness,” the source close to the matter said.

Ukraine wants any agreement signed with the United States to include security guarantees as it battles Russia’s nearly three-year invasion.

The negotiations between the two countries come amid a deepening war of words between Trump and Zelensky that has raised alarm in Kyiv and Europe.

On Wednesday, Trump branded his Ukrainian counterpart a “dictator” and called for him to “move fast” to end the war, a day after Russian and US officials held talks in Saudi Arabia without Kyiv.

Washington has proposed a United Nations resolution on the Ukraine conflict that omitted any mention of Kyiv’s territory occupied by Russia, diplomatic sources told AFP.

‘What kind of partnership is this?’

Trump has asked for “$500 billion worth” of rare earth minerals to make up for aid given to Kyiv — a price tag Ukraine has balked at and which is much higher than published US aid figures.

“There are no American obligations in the agreement regarding guarantees or investments, everything about them is very vague, and they want to extract $500 billion from us,” the Ukrainian source told AFP.

“What kind of partnership is this? And why do we have to give $500 billion, there is no answer,” the source said, adding that Ukraine had proposed changes.

The United States has given Ukraine more than $60 billion in military aid since Russia’s invasion, according to official figures — the largest such contribution among Kyiv’s allies but substantially lower than Trump’s figures.

The Kiel Institute, a German economic research body, said that from 2022 until the end of 2024, the United States gave a total of 114.2 billion euros ($119.8 billion) in financial, humanitarian and military aid.

UK support ‘ironclad’

A senior Ukrainian official told AFP Friday that despite the tensions, talks on a possible agreement were “ongoing.”

The row comes as Ukraine is set to mark the third anniversary of Russia’s invasion on Monday, and as Kyiv’s forces are slowly ceding ground on the front line.

Moscow’s defense ministry earlier on Saturday claimed the capture of Novolyubivka in the eastern Lugansk region, which is now largely under Russian control.

In a call with Zelensky on Saturday, British Prime Minister Keir Starmer pledged the “UK’s ironclad support for Ukraine”.

Zelensky, in response, praised the United Kingdom for showing “leadership” on the war with Russia.

Starmer also said it was in the “interests” of both Britain and the United States to “stand by” Ukraine, which needed a seat at the negotiating table and “strong security guarantees so the peace will last”, writing in a column for The Sun published late Saturday.

Foreign Secretary David Lammy announced that Britain will unveil a significant package of sanctions against Russia on Monday.

In London, thousands of people marched in support of Ukraine on Saturday, and polls in Britain suggest strong support for Kyiv.

France’s Defence Minister Sebastien Lecornu said on Saturday that Paris was looking at increasing the number of its frigates and Rafale fighter jets, and stepping up production of drones.

The measures were being taken to improve France’s defense capabilities because of threats related to the Ukraine conflict, he was quoted as saying in Sunday’s edition of Le Parisien newspaper.

French President Emmanuel Macron is due in Washington for talks with Trump on Monday.

The White House said Saturday that Trump had met with conservative Polish President Andrzej Duda backstage at CPAC, and praised Duda for “Poland’s commitment to increase their defense spending”.

Duda, a vocal admirer of Trump, said he had told Zelensky in a phone call Friday to cooperate with the US president.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By AFP
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

aidan
AIG7
Cohere CEO on G7 leaders’ choice: sovereign AI or digital serfdom
By Aidan GomezJune 17, 2026
2 hours ago
Doctors and nurses huddle in a hospital hallway
Economystudent loans and debt
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses
By Jacqueline MunisJune 17, 2026
5 hours ago
sb
Personal FinanceSocial Security
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
By Nick LichtenbergJune 17, 2026
6 hours ago
Anthropic CEO Dario Amodei speaking into a microphone.
NewslettersEye on AI
Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
By Jeremy KahnJune 16, 2026
17 hours ago
U.S. Treasury Secretary Scott Bessent.
EconomyFederal Reserve
Trump turned the dollar into a foreign policy tool, and now risks undermining the currency’s extraordinary status, think tank says
By Tristan BoveJune 16, 2026
19 hours ago
Chairman of the Federal Reserve Kevin Warsh arrives to his swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC.
EconomyKevin Warsh
Kevin Warsh’s first Fed test is here: He must navigate hawks ‘on the offensive’ and Wall Street’s hunger for details on regime change
By Eleanor PringleJune 16, 2026
21 hours ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
1 day ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
24 hours ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
24 hours ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.