Russian President Vladimir Putin has offered the U.S. the opportunity to jointly explore Russia’s rare earth metal deposits “if they show interest.”

In a state TV interview, Putin said Russia has far more of these resources than Ukraine and suggested they could be part of a future economic deal with Washington.

Earlier, U.S. President Donald Trump said “major economic development transactions with Russia” were coming. Just two hours later, Putin met with his ministers and economic advisers to discuss rare earth metals.

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