The United States has sharply revised its estimate of total aid provided to Ukraine since Russia’s 2022 invasion, reducing the figure from $300 billion to around $100 billion, according to a Bloomberg News report citing sources familiar with the matter.

The updated figure comes amid efforts by former President Donald Trump to finalize a bilateral minerals agreement with Ukraine. The proposed deal is being framed both as part of a broader push to end the war and as a means of offsetting the extensive U.S. financial support provided to Kyiv. While the aid was not initially structured as a loan, Trump has repeatedly expressed concern about the scale of U.S. assistance and views the minerals partnership as a way to recoup some of the investment.

Ukrainian President Volodymyr Zelenskiy described recent talks on the proposed agreement as “positive,” noting that further meetings are expected. The White House has so far declined to comment on the negotiations.

Last month, the Trump administration advanced a broader proposal for the minerals pact. Though it offers no formal security guarantees to Ukraine, it would require the country to deposit all revenue generated from its natural resource sector—both public and private—into a joint U.S.-Ukraine investment fund.

The initiative reflects a strategic shift in Washington’s engagement with Kyiv, placing greater emphasis on economic cooperation and resource development, particularly Ukraine’s reserves of rare earth elements and other critical minerals. At the same time, it signals a move toward leveraging Ukraine’s economic potential to justify continued U.S. involvement in the region.

The proposed deal remains under negotiation, but questions are already being raised about its potential impact on Ukraine’s sovereignty over its natural resources and whether it could complicate Kyiv’s ongoing efforts to secure additional military and humanitarian support in its defense against Russian aggression.