Ukrainian Cabinet of Ministers approves signing of minerals agreement with US – Shmyhal. VIDEO
Today, the Government is making the decisions necessary to sign an agreement between Ukraine and the United States on the establishment of the Reconstruction Investment Fund.
This was reported by Censor.NET with reference to the telegram channel of Prime Minister Denys Shmyhal.
The agreement will include six key items:
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Firstly, Ukraine and the United States are establishing a Reconstruction Investment Fund, which will be jointly owned and co-managed by the governments of both countries.
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Secondly, Ukraine’s subsoil and natural resources remain under Ukrainian ownership; they will not be transferred to the United States or any other party.
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Thirdly, Ukraine will allocate 50% of future revenues from its natural resource assets to the Fund.
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Fourthly, the United States will contribute to the Fund in the form of financial resources, instruments, and other assets critical to Ukraine’s reconstruction.
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Fifthly, the funds raised by the Fund will be invested exclusively in Ukraine’s reconstruction projects. Essentially, this is a fund for future generations of Ukrainians.
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Sixthly, another key point—the agreement takes into account Ukraine’s commitments within the European integration process. Thus, there will be no conflicts or inconsistencies with our European integration obligations.
Minerals agreement with the US
As a reminder, Trump has said he wants to sign a $500 billion deal with Ukrainian President Volodymyr Zelenskyy on access to rare earth resources and natural gas in Ukraine in exchange for security guarantees in any potential peace settlement.
President Zelenskyy said that the agreement with the US on minerals would be signed at the ministerial level when ready and subject to guarantees. Currently, this document is not ready to protect Ukraine's interest.
Later, Trump said that Ukraine had derailed the rare earth metals deal. The agreement was needed so that the United States could recover the money spent on supporting Ukraine.
The administration of U.S. President Donald Trump has handed over to Ukraine an "improved" draft of the minerals agreement that "complies with Ukrainian law."
President Volodymyr Zelenskyy said that if the US wants to see specific numbers in the minerals agreement, then according to Ukrainian law, ratification by the Verkhovna Rada will be required.
On 25 February, the Financial Times reported that Ukraine and the United States had agreed on the terms of a deal on minerals, and Kyiv was ready to sign the document.
