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“This will not protect our interests,” Jelensky told reporters at the Munik Security Conference on Saturday. “Must be involved with security guarantees and investments.”

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The draft presented by the Ukrainian leader is “not for the benefit of a sovereignty” – as the pages continue to negotiate.

US Treasury Secretary Scott Bession presented a draft agreement to Jelensky on Wednesday, saying that it was necessary for the continued support of President Donald Trump’s administration. Ukrainian officials said they would evaluate the plan ahead of the Munik meeting.

The US has sought to earn 50% of the income from licensing and other income from Ukrainian national laws, said one who is well aware of the matter. Kiev recommended changes in a plan to benefit both sides, and the person said they had seen the US draft for the first time on the day of Besent.

US Vice President JD Wans and Foreign Secretary Marco Rubio attended the Munich conference. The agreement said, “We must be favorable to both countries and bring money.”

The Trump administration has identified that KYIV is looking for access to resources, including promising to buy US energy exports, in exchange for military and economic support against Russia.

Trump has announced billions of dollars awarded to Ukraine under his predecessor Joe Bidan, and that the war should come to an end rather than the US support and funds.

(Updates with Jelensky’s comments from the second paragraph.)

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