Ukraine and the U.S. to Sign Mineral Resources Agreement Within 24 Hours – Government: Past Aid from the U.S. Won’t Be Treated as Debt, Contributions to the Fund: 50/50 in Cash or Military Aid, Ukraine Retains Control Over All Resources

https://www.dw.com/uk/ukraina-i-ssa-mozut-pidpisati-ugodu-pro-nadra-protagom-dobi-smigal/a-72400801

by rulepanic

18 comments

  1. **Ukraine and the U.S. to Sign Mineral Resources Agreement Within 24 Hours – Government**

    *By Stepan Smyshliaiev, 1 hour ago*

    An agreement between Ukraine and the United States on Ukrainian mineral resources may be signed within the next 24 hours, according to Prime Minister Denys Shmyhal. Deputy Prime Minister Yuliia Svyrydenko has already departed for Washington to finalize the deal.

    Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, is en route to Washington, where she is expected to sign an economic partnership agreement with U.S. Treasury Secretary Scott Bessent. The agreement includes the establishment of an investment fund for Ukraine’s reconstruction, also known as the agreement granting Americans access to Ukrainian mineral resources. Shmyhal announced this on Wednesday, April 30.

    “Once the final details are worked out, I expect the agreement will be signed within the next 24 hours,” he said during a national television broadcast.

    According to the Prime Minister, all major terms have already been agreed upon, and only “technical translation details” from English to Ukrainian remain.

    Several Western media outlets had previously reported that the agreement could be signed late Wednesday, Kyiv time.

    —

    ### Past Aid from the U.S. Won’t Be Treated as Debt

    Shmyhal emphasized that Ukrainian negotiators succeeded in defending their position on several key issues, including U.S. aid already provided.

    “Ukraine acknowledges U.S. assistance as vital to our resilience, but the agreement contains no reference to debts or past contributions,” he said.

    The Prime Minister also assured that the agreement does not conflict with Ukraine’s EU accession obligations, including the Association Agreement.

    The document will also include a reference to Ukraine’s contribution to global security under the Budapest Memorandum, similar to a previously signed memorandum of intent.

    —

    ### Contributions to the Fund: 50/50 in Cash or Military Aid

    Shmyhal stated that the reconstruction investment fund will be financed equally by Ukraine and the U.S.

    “Contributions will be made in cash. The U.S. may also count new military aid to Ukraine as a contribution to the fund,” he said.

    The fund’s management will be equally shared, with three representatives from each side—Ukrainian and American.

    It was also agreed that any disputes will be resolved through mutual consultation. This replaces an earlier draft that stated disputes would be settled under U.S. law.

    —

    ### Ukraine Retains Control Over All Resources

    Shmyhal made clear that the fund will not gain ownership or usage rights to Ukraine’s mineral deposits or enterprises.

    “Natural resources, infrastructure, and mineral deposits are not part of or conditional to this fund or agreement. Ukraine’s contribution will come from new licenses and new mining royalties. That’s our share. The other 50% will be in cash,” he explained.

    He added that any fund profits may only be distributed by mutual agreement after 10 years. Until then, all profits will be reinvested in Ukraine’s economy and reconstruction.

    “These may include capital investments in enterprise creation, mining development, or take-or-pay purchase agreements for Ukrainian products,” he said.

    Shmyhal noted the agreement exempts both sides from taxes and tariffs: “That means zero tariffs and zero taxes for both the Ukrainian and U.S. parties.”

    Additionally, the U.S. has committed to involving “other international partners and private businesses” to support the fund.

    —

    ### Ratification by Ukrainian Parliament Required

    Shmyhal reminded that the agreement is an international treaty and must be ratified by the Verkhovna Rada (Ukraine’s parliament). Consultations with parliamentary faction leaders are scheduled for Thursday, May 1.

    Two additional “executive” agreements are also in development. These will directly cover the fund’s creation, financing, and operations.

  2. I would like to know what the people who claimed “Ukraine doesn’t need the US and won’t sign any deal” have to say about this.

  3. I won’t believe it until the sharpie is dry. Trump lies and cheats at every opportunity.

  5. Putin will be pissed. Meanwhile stay stuned for Medvedev nuclear apocalypse warning probably tomorrow.

  8. Take the deal, it won’t mean much, since Putin will not allow excavators anywhere in Ukraine; just a good reason to blow smoke up Trumps ass.

  9. This looks like a much better deal than most were expecting. Hopefully this ends up being a net benefit for Ukraine in the long run 🤞🏼🇺🇦🇬🇧

  11. America really is a dogshit country these days… I love how it was noted that in the earlier versions ‘Murica would resolve disputes according to ‘Murican law 🤣. There is no equitable law in ‘Murica anymore – glad February blew up the way it did.

  12. Ukraine should give the US a super-tempting deal on mineral rights within Russian-occupied territories.

  13. So the people who were pissed off that the US was giving Ukraine aid are going to be happy that everything that was given is going to have any outstanding balances wiped clean lol

  14. We know what happened last time Ukraine went to sign something in Washington.

  15. Full credit to Trump for getting a deal with a country being invaded.

    Art of the Deal 🤣

  16. I’m really hoping the next administration will change this deal to benefit Ukraine even moreso.

  17. Allot of the minerals are in Russian held lands. I wonder how that changes outlook

  18. Honestly Ukraine should have signed any deal that trump wanted and just reneg on it in 3 years

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