Negotiations are underway for weeks on a mineral agreement that Washington demands from Kiev, including rare land. On Monday, US President Donald Trump said the deal was already a “very close” final decision and could be signed “this or next week.”
On Tuesday, one of the finest Ukrainian officials confirmed their agreement to the terms and conditions of the contract with AFP. As the Financial Times reported, there was a breakthrough in the conversation as the US claimed potential revenue of $500 billion from resource development.
Ukraine has agreed to the mineral agreement. I know the details
Additionally, Ukrainian officials reported in an interview with “FT” that the contract in its current form includes “a much better condition” and that the signature means an extension of cooperation with the US. .
The journalist also reached the final form of the agreement dated February 24th. It envisages the creation of a special fund in which Ukraine can deposit 50%. The impact from the state’s “future monetization” of mineral raw materials, including oil and gas, and related logistics. These funds will later be funded by Ukrainian projects.
Reference: New mineral proposals. Media: Even more difficult conditions for Ukraine
However, it does not include mineral raw materials already supplying the funds of the Ukrainian state. This means that it does not include the current activities of Ukraine’s largest gas and oil producers, Naphthhaz or Uklnaft.
However, the contract omitted all references to the US security guarantees, and Kiev originally claimed in exchange for an agreement under the contract. Also important questions remain, such as the size of the fund’s US stock and the terms of the “joint ownership” transaction that will be agreed upon in subsequent contracts.
Mineral agreements are accepted, but this is not over yet
According to Ukrainian officials, the agreement was approved by the Minister of Justice, Economic and Foreign Affairs, and confirmed that Ouddimir Zelansky could sign it when he was able to meet with Trump at the White House.
– It will be an opportunity for the president to discuss the wider picture. And we can think about the next step – one of the authorities said in an interview with “FT.”
See: Duda’s eloquent response. I was asked about Ukraine minerals
However, the journal’s sources emphasize that contracts are “frames” only and revenues do not change ownership. This gives you time to resolve all potential misconceptions.
The Zelasky government must also obtain the consent of the Ukrainian Parliament. “And lawmakers have already shown that at least a heated discussion is needed before the document is ratified,” says ft.
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