What we know about US-Ukraine minerals deal
Summary
The U.S. and Ukraine have agreed on a deal regarding Ukraine's natural resources. As part of the agreement, a fund will be established to explore for minerals and the revenues will be equally split. However, the deal still requires approval from Ukraine's lawmakers.Key Facts
- The United States and Ukraine have signed a deal concerning Ukraine's natural resources.
- A key aspect of this deal includes the formation of an investment fund to look for minerals.
- Revenues from the mined minerals will be divided equally between the U.S. and Ukraine.
- The agreement indicates that the minerals remain Ukraine's property and Ukraine can decide where to extract them.
- According to the Economy Minister of Ukraine, the agreement does not involve any debt obligation on Ukraine's part towards the U.S.
- The U.S. will aid in attracting investment and technology to the projects in Ukraine.
- The U.S. will provide new assistance to Ukraine, including possible defense systems.
- The income and contributions from the fund won't be taxed by either country.
- The deal is not yet official and needs to be approved by Ukraine's lawmakers.
- It's not clear whether the deal includes a direct security guarantee from the United States, which Ukraine's president has been strongly advocating for.
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