Ukraine and the US have signed a subsoil agreement

Minister of Economy of Ukraine Yulia Sviridenko and the US Finance Minister signed a mineral agreement.

Source: Sviridenko in Facebook, US Ministry of Finance

Sviridenko Direct Language: « Together with US Finance Minister Scott Bessant, she signed an agreement on the establishment of an investment fund of US-Ukraine reconstruction. »

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Direct Language of US Finance Minister Scott Bessent: « The United States is devoted to the facilitating this cruel and meaningless war. This Agreement clearly signals Russia that the Trump administration is devoted to a peaceful process, in the center of which is a free, sovereign and prosperous Ukraine in the long run. Ukraine.

Details: Sviridenko listed the main provisions of the subsoil agreement.

• All resources remain in Ukrainian ownership – this is enshrined in the agreement.
• The investment fund is created on terms of 50/50. Ukraine and the United States will be governed by the Fund. None of the parties will have a predominant voice.
• The agreement does not provide for changes in privatization or management of state -owned companies – they will continue to belong to Ukraine. Companies like Ukrnafta or Energoatom remain the state.
• The agreement does not mention any debt of Ukraine to the United States.
• The agreement corresponds to the Constitution and does not change the European integration course.
• The document is consistent with national legislation and does not contradict any international obligations of Ukraine.
• The fund will be filled with revenue solely from new licenses. It is 50% of the funds from new licenses for critical and oil and gas and gas and gas -based projects after the fund is created. Revenues from the previously started projects or the budget planned are not included in the fund.
• Legislative changes are only point. The Fund’s functioning provides for amendments to the Budget Code. The agreement itself should ratify the Verkhovna Rada.
• The United States will help Ukraine attract investments, technologies and innovation through DFC (Development Finance Corporation).
• Fund’s income and contributions are not taxed in the US or Ukraine.

Sviridenko Direct Language: « The US is contributing to the Fund. In addition to directly funds, they can do it with new assistance – for example, air defense systems for Ukraine.

Ukraine makes 50% of the state budget revenues from the new rent to new licenses for new areas. The Fund is then investing in mineral and oil and gas production projects, as well as in the concomitant infrastructure or processing.

We expect that the first 10 years of profits and funds of the Fund are not distributed, but can only invest in Ukraine – in new projects or rebuilding. These conditions will be discussed additionally. « 

• To sign the document to Washington, the first Viceremierka – Minister of Economy Yulia Sviridenko went.
• Financial Times reportedthat the signing of the Framework Agreement on the use of subsoil between Ukraine and the US was at risk of disrupting at the last moment when the Ukrainian delegation went to Washington.
• According to Bloomberg, the project of the agreement refers to the creation of a joint fund, which should attract investments in energy, mining and related sectors of the Ukrainian economy.
• Ukrainian delegation April 11-12 HandedLa technical consultations in Washington with President Donald Trump Administration on Mineral Access Agreement.
• Ministry of Economy of Ukraine Publicated The text of the Memorandum from the United States on the completion of the official economic partnership agreement and the investment fund for reconstruction.
• The Future Joint Investment Fund of Ukraine and the US will be eligible invest Both in the development of mineral deposits and infrastructure projects.