Russia has taken control of mineral resources in Ukraine worth a staggering $350 billion, according to Ukraine’s Minister of Economy. These resources are located in the areas currently occupied by Russian forces. Ukraine claims that these lands are rich in valuable minerals, which are now being taken without permission.
This is a major concern because these minerals could have helped Ukraine’s economy grow. Instead, they are now in Russian hands. The occupied territories hold many important resources like coal, iron, titanium, and lithium. These materials are not just valuable—they are critical for industries worldwide.
How Russia Benefits from Ukraine’s Minerals
The Ukrainian government warns that Russia is likely using these stolen resources to boost its military industry. Some of the minerals in these areas are key for making weapons, vehicles, and other defence equipment. This means the longer Russia controls these resources, the more it can strengthen its own economy and military.
Brutal Battle: Ukraine’s Rare Earth Minerals and Military Aid Struggle
The occupied lands are home to one of the biggest reserves of titanium, a metal used in fighter jets and missiles. Ukraine also has large deposits of lithium, which is needed to make batteries for electronics and electric vehicles. Russia now has access to these materials and could use them for its own industries, rather than allowing Ukraine to benefit from its natural wealth.
A Heavy Blow to Ukraine’s Economy
Losing access to these resources is a major economic setback for Ukraine. Before the war, these minerals were a key part of Ukraine’s economy, supporting jobs and industries. Now, with Russia in control of these deposits, Ukraine cannot use them to rebuild or strengthen its financial system.
The impact is not just on Ukraine. Many countries depend on Ukraine for these raw materials. With Russia seizing them, global markets may face shortages, and prices for these essential minerals could rise.
Ukraine has called on the world to recognize the scale of this loss. The country insists that these resources still belong to Ukraine, even if Russia currently controls them. However, as long as the occupation continues, Ukraine is unable to stop Russia from extracting and using its valuable minerals.
