Why the US-Ukraine minerals deal is a win-win

Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from Stockholm, Sweden.

What is the importance of the so-called minerals deals, which have now been concluded between Ukraine and the United States?

Well, I think it's primarily of political significance, and I think the Kyiv team has done good work and so has the US team in getting a somewhat more realistic agreement. It sets up a reconstruction fund, joint efforts to finance different reconstruction things, so I don't think it's going to have any immediate substantial impact in material terms. But I do think that it takes away an irritant in the Trump-Ukraine relationship, and that is important itself. It might make it somewhat more difficult for the Trump team to just dump Ukraine in the way that some of them might have been inclined to do.

What is the importance of the visit by the Danish King Frederik to Greenland?

Well, I don't think it should be seen primarily in the context of the relationship with Trump and his bizarre ambitions to take over Greenland. It's a new king in Denmark. He's the sovereign. He has a very strong personal relationship with Greenland. It is a new government, a new parliament in Greenland after the elections there in March. And it is to some extent, of course, a new geopolitical situation. So I think it was very natural for the sovereign, the King, to come and spend some days together with the new leadership in Greenland and pave the way also for the new discussions on defense relationships and the overall relationships that are going to come now between the Copenhagen and the Nuuk authorities. But certainly, it sends some sort of signal to Washington as well.