Profit from the Nadra Agreement between Ukraine and the US may not be another 10 years – Reuters
The financial benefit of the so -called « subsoil agreement » between Ukraine and the US may occur no earlier than 10 years. The war, the destroyed infrastructure and the lack of geological research substantially predict the prospects for the development of fields.
Source: Reuters
Details: Despite the official statements about the political importance of the signed agreement between Ukraine and the US on the development of Ukrainian subsoil, real profits from it are unlikely to appear in the near future. According to the experts of the industry, the development in countries with a developed mining sector, such as Canada or Australia, takes 10 to 20 years. In the case of Ukraine, this term may be even longer due to a number of obstacles.
Advertising:
Due to the three -year full -scale war, the infrastructure – energy, transport and logistics – has undergone significant destruction. Most deposits still do not have full geological research that would confirm the economic feasibility of their development. In addition, potential investors can be limited to investments in a state where war is ongoing.
« If someone thinks that all these minerals will suddenly begin to be exported from Ukraine, then it is illusions. The reality is that it will be difficult for people to justify investments in Ukraine when they have alternative Webb.
Literally: « Another obstacle is that some potentially profitable deposits are located in the territories occupied by Russia, and the agreement does not contain any security guarantees. In Washington, they stated that the presence of US interests will hold back aggressors. »
Details: According to the Ministry of Finance of Ukraine, in 2024 the state received UAH 47.7 billion (about $ 1 billion) in the form of royalties and other payments related to the use of natural resources.
However, the new joint stock from the United States will only accumulate funds from licenses concluded under the new rules.
The historical rates of licenses also do not contribute to optimism: from 2012 to 2020, Ukraine has issued approximately 20 licenses for oil and gas, one for graphite, one for gold, two per manganese and one per copper.
Prehistory:
- On the night of May 1, at the end of the hundredth day of Donald Trump, Ukraine and USA presidency signed the so -called « subsoil agreement ».
- On May 1, the Cabinet of Ministers of Ukraine submitted to the Verkhovna Rada for consideration The Law on Ratification of the Agreement between Ukraine and the United States of America to create a « US-Ukrainian Investment Fund for Reconstruction ».
- The first Viceremier – Minister of Economy Yulia Sviridenko statedthat the « US-Ukrainian Investment Fund for Reconstruction », which is created within the framework of the Critically Important Cooperation Agreement, may start work a few months after its ratification in the Verkhovna Rada.
