WASHINGTON: Washington and Kiev signed an agreement giving the United States access to Ukrainian mineral resources, Bloomberg wrote citing...
WASHINGTON: Washington and Kiev signed an agreement giving the United States access to Ukrainian mineral resources, Bloomberg wrote citing sources.
According to the report, the United States will receive privileged access to new investment projects in this sector, including the production of aluminum, graphite, oil and natural gas.
The signing of the minerals deal between the United States and Ukraine is set to demonstrate Washington’s commitment to peace resolution of the Ukrainian crisis, US Secretary of the Treasury Scott Bessent said in a statement.
"This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term," he said.
According to the statement, the sides will establish a bilateral investment fund.
Bessent also emphasized that Washington and Kiev will not allow countries and individuals who financed or supplied the Russian defense industry and the armed forces, to take part in the reconstruction of Ukraine.
Earlier in the day, Ukraine’s First Deputy Prime Minister and Economic Minister Yulia Sviridenko confirmed the signing of the minerals deal with the United States in a post on Facebook (banned in Russia, owned by the Meta corporation, recognized as extremist in Russia). According to the document, Ukraine will bring into the fund 50% of all incomes generated by new licenses for extracting minerals at new areas. The United States and Ukraine will have equal votes in managing the fund. The agreement envisages no direct Ukrainian liabilities to the United States.
-News Feed
COMMENTS