From Greenland to Gaza, from the Panama Canal to Mars, Donald Trump’s territorial ambitions span the globe. Once described as an isolationist, Trump’s rhetoric increasingly resembles that of a 19th-century imperialist. Nowhere is this colonial mindset more evident than in his latest demand – that Ukraine hand over its mineral wealth in exchange for continued American military support.

When he declared last week that Ukraine should “secure what we’re giving them with their rare earth and other things,” he inadvertently exposed a bitter truth: gauzy Western rhetoric about sovereignty and self-determination doesn’t apply to countries that neighbor a colonial power.

It was a lesson I learned for myself, reporting from Georgia in 2008 as Russian tanks rolled towards my hometown.By the time a ceasefire was called, Russia had invaded and seized 20% of Georgian land, the territory of America’s most loyal non-NATO ally in the region. And Georgia had suffered a wound that would prove fatal. Just months later, Hillary Clinton, Obama’s newly minted Secretary of State, presented her Russian counterpart Sergey Lavrov with a red “reset” button in Geneva. 

Despite the recent Russian aggression, there was Lavrov, laughing and joking with Clinton about a mistake in the transliteration from English to Cyrillic of the word “reset.” Every Georgian, Kazakh, or Ukrainian who had experienced Russian colonialism first hand, knew that what he was really chuckling about was the fact that Moscow had just gotten away with murder. 

Trump has exposed a bitter truth: gauze Western rhetoric about sovereignty and self-determination doesn’t apply to countries that neighbor a colonial power.

In 2022, when Russia launched its full-scale invasion, Ukraine was positioning itself to be a key player in the global green technology transition. The country’s vast deposits of lithium and various minerals – including 22 of the 34 minerals that the European Union deems to be “critical” – promised a pathway to genuine economic sovereignty. But that future was stolen by Russia’s invasion, with a significant percentage of Ukrainian minerals now under Russian control, including half of its rare earths reserves. 

The mineral deposits that remain – resources that could finance Ukraine’s post-war reconstruction – are now being demanded by Trump as collateral for military aid. Ukrainian president Volodymyr Zelenskiy leapt at the offer: “let’s do a deal,” he told Reuters about Trump’s conditions, “we are only for it.” Zelenskiy’s desperate need for continued American support means he has little choice but to bargain away Ukraine’s resources. Even if it raises the grim colonial specter of the U.S. and Russia sitting across the negotiating table and carving up Ukrainian wealth amongst themselves.

Trump’s approach eerily echoes Victorian-era colonialism. When Cecil Rhodes declared in 1902 that he would “annex the planets if I could,” he expressed the same ruthless resource-extraction mindset that now drives Trumpian foreign policy. Both men share a vision of power measured in territorial control and resource ownership, backed by military might.

In his first term, Trump was frequently described as an isolationist, unwilling to continue to fund American military adventurism abroad, unwilling to intervene in the affairs of other countries, unwilling to shelter migrants, and unwilling to abide by international agreements and institutions. Back then, the label was suspect, a badge of convenience. Already in the first weeks of Trump’s second term, the label has become absurd. 

But Trump’s mineral-for-weapons proposition, crude as it is, strips away decades of Western illusions. It acknowledges what leaders in Washington and Brussels long refused to see – that countries in Russia’s shadow have never had the luxury of true independence. 

Since the 1990s, the West’s approach to Russia has been built on a peculiar form of magical thinking – a stubborn belief that Moscow can be changed through engagement and dialogue. It’s a pattern that requires the West to bury its head in the sand after each example of Russian aggression. For instance, after Russia’s cyberattacks on Estonia in 2007, Western leaders dismissed it as an anomaly. And then, after the invasion of Georgia in 2008, they rushed to “reset” relations. Six years later, after the seizure of Crimea, they still spoke of finding diplomatic solutions. Each time Putin tested the West’s resolve, he emerged more emboldened, his every action treated as an aberration rather than as part of a coherent imperial strategy.

Since the 1990s, the West’s approach to Russia has been built on a peculiar form of magical thinking – a stubborn belief that Moscow can be changed through engagement and dialogue.

The medieval assault on Ukraine in 2022 seemed, finally, like a wake-up call. For a moment, it appeared that politicians in Europe and the United States understood that Putin wanted to rebuild a Russian empire. But the moment didn’t last long. Even as Putin openly declared his imperial ambitions, even as he openly dismissed Ukraine’s right to sovereignty, Western leaders continued to search for off-ramps and resets that existed only in their imagination.

Joe Biden’s tactics – treating the conflict as a crisis to be managed rather than a war to be won – became the final chapter of the West’s failed post-Cold War politics. Each delayed weapons delivery, each hesitation justified by the fear of escalation, reflected a familiar priority: stability with Russia over the right to sovereignty of its neighbors.

Those underground deposits in Ukraine tell the story: a large portion now lies in territories controlled by Russia or too close to the front lines to be mined. No wonder, Zelensky is courting Trump’s interest in its rare earth deposits. The choices facing Ukraine’s leadership and people remain what they’ve always been – a series of impossible decisions to be made in the shadow of an empire that has never accepted their right to decide.

“They think we are fighting to join NATO. But we are only fighting for our values and they happen to be the same as Europe’s values,” a Ukrainian soldier told me in 2015. His words haunt me now as we enter this new, cynical era. Deep beneath Ukraine’s soil lies both promise and peril – deposits of minerals that could fuel either independence or a new era of colonial extraction. The familiar irony for Ukraine is that these resources, which make sovereignty viable, must also serve as collateral in a great game between colonial powers.

Now that the magical thinking and pretense is over and the hard calculations begin, the only certainty is that the cost will be borne, as always, by those who do not have the privilege of being able to harbor illusions and magical thoughts in the first place.

A version of this story was published in last week’s Sunday Read newsletter. Sign up here.