Washington and kyiv signed an agreement on Wednesday to give the United States access to vast mineral resources from rare earths in Ukraine. An agreement that had been under construction for months and can guarantee the continuation of military support to kyiv.
Ukraine Vice-Minister, Yulia Svyrydenko, said Wednesday that he signed, on behalf of the Government, a document that creates the investment fund for US reconstruction. The agreement aims to create an environment that promotes greater economic growth for both countries.
“Together with the United States, we are creating a history that will attract global investments to our country,” Yulia Svyrydenko wrote in X.
The agreement has many variables, which Svydenko detailed in a long sequence of publications.
All resources, both terrestrial and in the sea, in what is defined as the territory of Ukraine will remain under control and property of Ukraine.
kyiv also reserves the right to determine what and where to extract, emphasizing that the subsoil remains the state property, a term enshrined in the agreement.
The background will be created on a 50-50 base and will be managed together by Ukraine and the United States. None of the matches will have a majority vote, reflecting an egalitarian association based on mutual profits, cooperation and respect.
The agreement does not impose any change in the classification of the legal records of the companies. Public companies, such as UCRNAFTA and Energatom, will continue to be owned by the State.
The document also does not mention any financial obligation of Ukraine to the United States.
The agreement occurs after the president of the United States, Donald Trump, has resigned to insist that the agreement reimbursed Washington of the thousands of dollars of help already delivered since the invasion of Ukraine of Russia in February 2022.
The Prime Minister of Ukraine, Denys, Shmyhal, greeted the achievement, qualifying it as success, since Trump had previously demanded the equivalent of $ 500 billion (442 billion euros) of rare earth revenues as reimbursement.
The implementation of the agreement will allow the greatest economic potential of both countries through joint cooperation.
Do not interfere with integration into the European Union
The agreement agrees with the Constitution of Ukraine and does not change the course of European integration. The document is consistent with national legislation and does not contradict any of the international obligations of Ukraine.
kyiv expects the agreement to mark other countries that Ukraine is a reliable global actor and improves the intention of cooperating with the partners and establishing long -term agreements for the next decades.
Half of the funds of new licenses for projects in the field of critical and oil and gas materials will be transferred to the budget after the creation of the fund.
ADVERTISINGProject income already currently or budget income is not included in the fund.
The agreement also requires Washington to help kyiv attract more investment and technology. The fund will be directly supported by the United States government through the US International Development Finance Corporation (DFC).
DFC will help attract new investments and technologies of companies and funds from the United States and the European Union, as well as other countries that support kyiv’s struggle against Moscow.
Technology was stressed as an important component of the agreement, since Ukraine considers that it is important to guarantee not only capital but also innovation.
ADVERTISINGIncome generated by the fund will not be taxed
The income and contributions of the fund will not be taxed in the United States or in Ukraine, so that investments produce the best possible results for both parties.
Both countries will contribute in parts equal to the background. Svydenko states that, in addition to direct funds, Washington can choose to provide more support in the form of weapons such as air defense systems.
kyiv will also do its part and return, in addition to 50% agreed, the income generated by new income and licenses, if they are considered necessary.
The common fund will invest capital in mineral and natural resources projects, as well as in other related infrastructure.
ADVERTISINGUkraine and the United States will decide specific investment projects together. However, the agreement stipulates that these investments must be made exclusively in Ukraine.
The United States Secretary of the United States, Scott Besent, said in a video published in X that “this association allows the United States to invest together with Ukraine, unlock the growth assets of Ukraine, mobilize US talents, capital and governance standards that will improve the investment climate of Ukraine and accelerate the economic recovery of Ukraine.”
Both countries claim that the agreement is designed to be a long -term joint investment, planned to last decades.
