President Donald Trump said Thursday the rare-earth minerals agreement would benefit both the U.S. and Ukraine and would provide resources that "we need for our country."

Claims of a peace deal between Ukraine and Russia actually repeat key parts of a proposed U.S.-Ukraine agreement for sharing revenue from Ukraine's natural assets, including minerals. This agreement is not a peace deal but would bring Americans to Ukraine and give the U.S. a vested interest in peace in the country.

President Trump, who had insisted he wanted “payback” for past military aid to Kyiv, suggested President Volodymyr Zelensky would visit Washington this week to sign an agreement, which he called a “very big deal.