United States-approved mining deal terms made public by government
Rewritten Article:
In an unexpected turn of events, the Ukrainian government has released the text of the alleged subsoil use agreement with the United States, available in both Ukrainian and English languages. The documents were published following a decree signed by Prime Minister Denys Shmyhal, approving and sealing the deal on the establishment of the American-Ukrainian Investment Fund for Recovery.
While the English version of the agreement is currently unavailable for public viewing, interested parties can access the Ukrainian version. EuroPravda, a Ukrainian news outlet, has gained exclusive insights into the pact and released crucial details about what's in store.
The agreement, signed on April 30 in Washington, primarily covers the joint development of 57 minerals and holds some exciting implications for US military assistance. Here's the scoop:
The terms of the agreement largely align with the key points announced by Prime Minister Shmyhal the day before. Notably, both nations gain equal voting rights in the newly established joint fund. Moreover, Ukraine retains control over subsoil resources, infrastructure, and mineral rights, ensuring they remain sovereign in their exploitation process.
As for profits, initial income earned during the first decade will be re-invested back into Ukraine's economy to bolster its recovery efforts. This commitment underscores the long-term partnership between the two nations.
President Donald Trump has emphasized that the agreement will result in the US reaping far more than the funds they've previously invested in Ukraine. While the text does not explicitly mention military commitments, the agreement offers a "long-term strategic alignment," potentially opening up opportunities for US companies in reconstruction contracts under a related April memorandum.
It's important to note that the removal of draft language regarding Ukraine's reimbursement for military aid indicates a focus on the economic partnership rather than security guarantees or new military assistance provisions.
For now, the agreement revolves around joint ventures in critical mineral sectors and oil & gas resources, although the specific minerals – like lithium and rare earths – remain unspecified in public disclosures.
- EuroPravda, a Ukrainian news outlet, has revealed critical details about the American-Ukrainian Investment Fund for Recovery, as mentioned in the agreement signed in Washington by both nations.
- The general news highlights that this fund, under the approved agreement, will primarily focus on joint ventures in crucial sectors like minerals, oil, and gas, benefiting both the finance industry and businesses.
- The agreement, which itself doesn't explicitly mention military commitments, suggests a long-term strategic alignment that may provide opportunities for US companies in reconstruction contracts, as per the April memorandum.
- During the first decade, the profits from this partnership will be re-invested back into Ukraine's economy to aid its recovery, as noted in the terms of the agreement.
- While the entire agreement is yet to be made public in English, Washington and the Ukrainian government have approved the parameters for the recovery and growth of the Ukrainian economy, with key focus on the mining, energy, and finance sectors.
