Ukraine, US Set to Sign Key Deal on Access to Critical Minerals
Ukraine and the United States are preparing to sign a major agreement that would grant the US preferred access to Ukraine's vast reserves of critical minerals. This step comes as Ukraine continues to seek global support for its post-war economic recovery amid the ongoing conflict with Russia.
According to the draft agreement, the US would gain access to Ukraine’s newly discovered mineral resources, but it would not be granted ownership of existing natural resources or energy infrastructure. Importantly, the agreement does not require Ukraine to repay past military assistance from the US.
The plan also includes a proposal to create a joint fund, into which 50% of profits and royalties from new mining licenses would be deposited. While the specific use of this fund remains unclear, it is expected to play a vital role in Ukraine’s long-term development and reconstruction.
Ukrainian officials hope the deal will strengthen American support and contribute to a peaceful resolution of the war.
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