Ukraine-US mineral pact: Strategic cooperation unveiled
Ukraine and the USA are set to sign an agreement on mineral resources that will include security guarantees for Kyiv and economic cooperation, Mykhailo Podolyak, an advisor to Volodymyr Zelensky, has conveyed.
Mykhailo Podolyak announced that the new agreement with the USA regarding mineral resources will include key provisions.
Podolyak emphasised that he wanted them to correctly set the accents right away, noting that there was a lot of speculation surrounding the agreement regarding mineral resources. However, he clarified that it was a framework document paving the way for a strategic partnership with the United States.
Security guarantees and investments
The agreement, which is set to be signed on Friday, provides for the creation of a Reconstruction Investment Fund. - It will have several components. Some of them will be clearly defined. They will contain specific numbers and describe investment programs and the distribution of profits from the joint exploitation of minerals. Other components will concern security guarantees for Ukraine, specifically what the United States should provide as part of countering Russia, as the war will not dissipate - noted Podolyak.
The European Pravda portal reports that Ukraine will transfer 50% of the proceeds from the extraction of deposits, including oil and gas, to the fund. On Friday, a meeting between Presidents Donald Trump and Volodymyr Zelensky will take place in Washington, where they will discuss the details of the partnership in the exploitation of Ukrainian natural deposits.
The meeting of the presidents aims to finalize the details of the agreement, which holds strategic significance for both countries.
