The United States and Ukraine signed the long -awaited minerals agreement
The Trump administration has said that the established investment fund for the restoration of Ukraine will start paying 175 billion military assistance that the United States has provided to Ukraine during the war, according to Guardian.
| « I am pleased to announce today’s signing the Historical Economic Partnership Agreement » with Ukraine, said in a video published on social network X, the Minister of Finance of the United States Scott BeacantS |
He added that « this partnership allows the United States to invest with Ukraine, to unlock Ukraine’s potential for growth, to mobilize US talents, capital and management standards that will improve the investment climate in Ukraine and speed up the country’s economic restoration. »
In a complex atmosphere, the US and Ukraine are negotiating for rare metals
« Together with the United States, we create the fund that will attract global investment in our country, » she wrote in H.
| The agreement with Washington will finance “Minefront production projects, oil and gas« , Saidenko said on Facebook, quoted by France Press. |
However, Ukraine « retains the full property and control over these resources », including the earth’s interior, and « the Ukrainian state will be one that will determine where and what to extract, » she said.
« And we said: Rare earth elements they have very good rare earth elements, » the US president said.
Trump threatened Zelenski because of the mineral deal and began conversations about projects in Russia
What does the agreement provide for
- Creation of an investment fund to restore Ukraine between Kiev and Washington, which will attract global investment.
- Full control over the bowels of Ukraine remains for Kyiv. Only Ukraine will determine where and what to extract. The bowels remain Ukrainian property.
- The share of both countries in the fund is 50 to 50%. In addition, the Fund will receive 50% of the profits and dividends that are imposed on the Ukrainian state by the new minerals mining in Ukraine.
- The agreement provides for changes in the processes of privatization or management of state -owned companies. Ukrainian companies such as the « Oknafta » and « Energoatom » The property of the Ukrainian state remains.
What are rare earth metals and why they are so sought after
The signed agreement does not mention any Ukraine’s debt to the United States. It corresponds to the Ukrainian Constitution and does not change the course towards European integration.
The investment fund will be filled entirely from the revenue from new yield permits. Revenues from already existing projects or planned revenue in the budget of Ukraine will not be included in the fund.
| In order to start the fund, only changes to the Budget Code of Ukraine are needed. The United States is obliged to help attract additional investments and technologies. |
The new fund will be supported by the US Government through the International Corporation for Financial Development of the United States. It will help Ukraine to attract investments and technologies from funds and companies from both the United States and the European Union and other countries.
The agreement provides for tax guarantees. Fund revenues and contributions will not be taxed in either the US or Ukraine to achieve the best investment results, Sviridko said.
