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Geopolitical Economy Report
Ukraine sits on trillions worth of minerals. US politicians want them.
Sep 17, 2024
US Senator Lindsey Graham discusses Ukraine's staggering mineral wealth, valued at trillions, and its potential benefits for the U.S. economy. Journalist Ben Norton analyzes the rampant exploitation of these resources by Western powers, aiming to weaken China's grip on critical supply chains. President Zelensky is drawn into the fray, promoting Ukraine as a lucrative investment for U.S. corporations. The conversation deeply critiques how geopolitics and resource greed intertwine amidst the conflict, raising alarms about the future of Ukraine's sovereignty.
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Quick takeaways
- Ukraine's vast mineral wealth, estimated at $10 to $12 trillion, is seen as a strategic asset for Western economic interests and supply chains.
- The conflict in Ukraine is increasingly viewed as a proxy war, raising ethical concerns about foreign motivations overshadowing genuine support for its sovereignty.
Deep dives
The Economic Potential of Ukrainian Minerals
Ukraine is believed to possess valuable mineral resources worth an estimated $10 to $12 trillion, which could significantly enhance its economy. Key politicians, including U.S. Senator Lindsey Graham, argue that supporting Ukraine ensures these resources do not fall into the hands of adversaries like Russia and China. This perspective frames Ukraine not only as a victim of aggression but also as a potentially lucrative business partner for the West, which could benefit from access to strategic minerals essential for advanced technologies. The conversation surrounding these resources underscores the intersection of military support and economic interests in the ongoing conflict.
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