Follow us on social

U.S. Senator Lindsey Graham

Gleeful Graham: Ukraine War all 'about money'

The South Carolina senator says Trump can get a deal to “enrich ourselves” with rare earth minerals

Analysis | QiOSK

No, you heard it right. Last week in a Fox News appearance, South Carolina Sen. Lindsey Graham said outright that the war in Ukraine is “about money.”

Namely, Graham told Fox News host Sean Hannity that the U.S. stands to financially gain from Ukraine’s vast agricultural sector and “two to seven trillion dollars’ worth” of rare earth minerals alike in a prospective wartime deal with the war-torn, albeit resource-wealthy, nation.

“This war is about money. People don’t talk much about it. But you know, the richest country in all of Europe for rare earth minerals is Ukraine. Two to seven trillion dollars’ worth of minerals that are rare earth minerals, very relevant to the 21st century,” Graham declared. “Ukraine’s ready to do a deal with us, not the Russians. So it’s in our interest to make sure that Russia doesn’t take over the place.”

“[Ukraine] is the bread basket of…the developing world,” Graham mused. “Fifty percent of all the food going to Africa comes from Ukraine.”

Graham also emphasized that the incoming Trump administration is uniquely positioned to cash out on such resources. “Donald Trump is going to do a deal to get our money back, to enrich ourselves with rare earth minerals. A good deal for Ukraine and us,” Graham said. “And he’s going to bring peace.”

Trump has suggested repeatedly that he wants to bring all sides to the table to talk in order to end the war. Graham has been consistently on the other side of the debate where he has wanted Ukraine to keep fighting at all costs.

Yet Graham insists that Ukraine will benefit from the prospective “deal” he describes. His own history of hawkish comments, where he previously said that “with American weapons and money, Ukraine will fight Russia to the last Ukrainian,” suggests Ukrainians' best interests and meaningful peace both rank low amongst his priorities.

Notably, this isn’t the first time Graham has suggested that the U.S. could benefit from access to Ukraine’s natural resources. “[Ukrainians are] sitting on a trillion dollars’ worth of minerals that could be good to our economy,” Graham said in a video clip from September, where he was standing next to Ukrainian President Volodymyr Zelensky.

Meanwhile, war fatalities continue to mount, with the Wall Street Journal reporting in September that over a million people have died or been wounded in the Russia-Ukraine war since its inception. To hawks like Graham, such fatalities seem to be an acceptable price to pay in an apparent bid for Ukraine’s natural resources.

Top image credit: U.S. Senator Lindsey Graham (R-SC) attends a news briefing amid Russia's attack on Ukraine, in Kyiv, Ukraine March 18, 2024. REUTERS/Gleb Garanich
Analysis | QiOSK
Scott Bessent
Top photo image: Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Asheville, North Carolina, U.S. August 14, 2024. REUTERS/Jonathan Drake

Bessent: Strong dollar, tariffs can wield US power on world stage

Washington Politics

Late Friday, president-elect Donald Trump announced his pick for Treasury Secretary, Scott Bessent. The announcement had taken a longer time than other appointments, suggesting a period of extended infighting within the coalition on economic policies and personnel.

According to reports, opposition to Bessent was centered on the idea that he was insufficiently committed to Trump’s proposal to hike tariffs to 50-60% on all imports from China and to 10-20% on imports from all other countries. On the other hand, he was the candidate most favored by the financial markets, a consideration that may have prevailed at the end, reflecting a presidential disposition to treat the performance of the stock market as a report card.

keep readingShow less
Kim Jong Un Putin
Top photo credit: Russia's President Vladimir Putin and North Korea's leader Kim Jong Un ride an Aurus car in Pyongyang, North Korea in this image released by the Korean Central News Agency June 20, 2024. KCNA via REUTERS

Is China being played by North Korea and Russia?

Asia-Pacific

Over the past decade, China has grown increasingly concerned about its waning leverage over North Korea and inability to restrain Pyongyang’s nuclear ambitions.

These worries have only intensified with North Korea’s dramatic tightening of ties with Russia this year. In June, Kim Jong-un and Vladimir Putin signed a new alliance treaty pledging mutual military assistance in the event of “aggression” against either country. In October, Pyongyang sent troops to Russia to join the fight against Ukraine, building on months of weapons and ammunition shipments it had been providing to Moscow since August 2023.

keep readingShow less
carrier group
Top image credit: 240809-N-NH911-1219 PACIFIC OCEAN (Aug. 9, 2024) Abraham Lincoln Carrier Strike Group and Cavour Carrier Strike Group sail in formation. ... (U.S. Navy photo by Mass Communication Specialist Seaman Apprentice Daniel Kimmelman)

How to overthrow America's war cartel

Washington Politics

The U.S. must retrench for the sake of its own security, but there are many domestic political obstacles that make retrenchment practically impossible under current conditions. The status quo strategy of military primacy is too deeply entrenched and there are too many established interests committed to its preservation.

To change that, there needs to be a major overhaul of America’s domestic political system and its foreign policy, and neither can succeed without the other. That is the heart of Peter Harris’ case for reform in his excellent new book, “Why America Can’t Retrench (And How It Might).”

keep readingShow less

Election 2024

Latest

Newsletter

Subscribe now to our weekly round-up and don't miss a beat with your favorite RS contributors and reporters, as well as staff analysis, opinion, and news promoting a positive, non-partisan vision of U.S. foreign policy.