BlockBeats news, on May 13, local time on the 12th, the Ukrainian presidential website announced that President Zelensky signed a law approving the agreement on the establishment of the U.S.-Ukraine Reconstruction Investment Fund.
On April 30, the United States and Ukraine jointly signed the agreement on the establishment of the U.S.-Ukraine Reconstruction Investment Fund, previously referred to as the 'U.S.-Ukraine Mineral Agreement.' On May 8, the Ukrainian Verkhovna Rada (parliament) supported the approval of the agreement with 338 votes in favor. Although the signing of the mineral agreement by the U.S. and Ukraine is seen by the outside world as a signal of easing relations, its actual effects remain to be seen.
Some mineral consulting agencies analyze that developing critical strategic minerals in countries with mature mining industries may take 10 to 20 years, and currently, there is insufficient data to prove the economic feasibility of developing most mineral resources in Ukraine. Additionally, infrastructure such as electricity and transportation has been damaged due to the Russia-Ukraine conflict, and the security outlook is uncertain, leading investors to adopt a cautious attitude. (Jinshi)