Lawmaker from the Rada presents proposal for accord between Ukraine and the U.S. on resources
Rewritten Article:
Title: U.S.-Ukraine Investment Fund Agreement Signed for Resource and Economy Reconstruction
Ukrainian Politician Yaroslav Zheleznyak recently leaked a document, believed to be a signed agreement, detailing joint mineral extraction operations on Ukrainian soil between Ukraine and the U.S. ** [1] There's no official word yet on whether this is the authentic version. This partnership, if legitimate, will also establish an investment fund for Ukraine's reconstruction. [2]**
The nine-page agreement, titled "Agreement on the Establishment of the U.S.-Ukraine Investment Fund for Reconstruction," consists of 11 articles and one appendix. If the agreement comes into force through Verkhovna Rada ratification, it will be indefinitely valid until termination by both parties. [2]**
The agreement lists 57 minerals, such as aluminum, arsenic, and oil, as well as natural gas. This agreement mainly applies to fresh mining licenses that Ukraine will issue after ratification. The list can only expand with the agreement of both parties. [2]**
Under this agreement, Ukraine will invest the proceeds from license sales and rental payments for mineral extraction into the fund, maintaining the option to contribute additional funds. The U.S.'s contribution to the fund will be equivalent to new military aid provided to Ukraine. [2]**
The agreement ensures that it won't contradict Ukraine's agreements with the European Union or its aspirations to join, with provisions for revisions in case of conflict. [2]**
Negotiations for the agreement have been underway since early February, with the document signed late on April 30 in Washington by U.S. Secretary of the Treasury Scott Bessent and Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko. [2]**
"European Truth" mentions that the agreement outlines fundamental political parameters but lacks specifics on certain aspects of bilateral cooperation. More details, including politically significant ones, are expected in a future "technical agreement." [3]**
Kyiv has shared details of the resource agreement with Washington. Post-signing, Minister Svyrydenko clarified the key terms: the fund will be co-managed, neither side will have a decisive vote, and Kyiv maintains control of all extracted resources. Additionally, the agreement contains no Ukraine-U.S. debt obligations. [3]**
A statement on the U.S. Department of the Treasury's website indicates ongoing collaboration to finalize the fund management system and strengthen this strategic partnership. Secretary Bessent proclaimed the agreement signals the Trump administration's long-term commitment to a free, sovereign, and prosperous Ukraine to curb Russian aggression. [3]**
[1] Source: Kyiv Post
[2] Source: Ukrainian Week
[3] Source: Hromadske International
Enrichment Data:The U.S.-Ukraine Resource and Reconstruction Investment Partnership is a long-term economic collaboration aimed at rebuilding Ukraine's infrastructure and economy while securing access to critical minerals vital for U.S. industries, such as lithium, rare earth elements, and energy resources like oil and natural gas. The partnership aims to benefit both parties by ensuring U.S. taxpayers receive portions of the $120 billion in prior aid through revenue-sharing, while signaling a strong commitment to post-war Ukraine's independence and stability, deterring Russian aggression. The fund will function as a limited partnership between the U.S. International Development Finance Corporation (DFC) and Ukraine’s Public-Private Partnership Agency, with Ukraine retaining full control over state-owned enterprises and resources. Legal stabilization clauses will also safeguard investments against regulatory changes.
- The U.S.-Ukraine Resource and Reconstruction Investment Partnership will provide funds for rebuilding Ukraine's infrastructure and economy, with a focus on securing access to critical minerals such as magnesium, lithium, and rare earth elements.
- Considering the partnership, Ukraine will invest the proceeds from license sales and rental payments for mineral extraction, as specified in the agreements, into the fund, with the option to contribute additional funds.
- The agreement states that the extraction of minerals like aluminum, arsenic, oil, and natural gas will comply with Ukraine's agreements with the European Union and its aspirations to join, with provisions for revisions in case of conflict.
- The U.S.'s contribution to the fund will not only be equivalent to new military aid provided to Ukraine, but also signal the Trump administration's long-term commitment to a free, sovereign, and prosperous Ukraine to curb Russian aggression.
