On June 16, the Ukrainian government started the process for opening bids for foreign companies to mine lithium deposits in the country. Among the interested investors is a consortium linked to Ronald S Lauder, who is believed to be close to United States President Donald Trump.

The bid is part of a minerals deal signed in April that is supposed to give the US access to Ukraine’s mineral wealth. The agreement was negotiated over months and was touted by Trump as “payback” for US military support for the Ukrainian military.

The final text, which the Ukrainian side has celebrated as “more favourable” compared with previous iterations, paves the way for US investment in the mining and energy sectors in Ukraine. Investment decisions will be made jointly by US and Ukrainian officials, profits will not be taxed and US companies will get preferential treatment in tenders and auctions.

Trump’s demand for access to Ukrainian mineral wealth was slammed by many as infringing on Ukrainian sovereignty and being exploitative at a time when the country is fighting a war and is highly dependent on US arms supplies. But that is hardly an aberration in the record of relations between Ukraine and the West. For more than a decade now, Kyiv has faced Western pressure to make decisions that are not necessarily in the interests of its people.