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US-Ukraine Minerals Agreement/Here are the main points of the newly signed agreement

2025-05-01 15:38:00, Kosova & Bota CNA

US-Ukraine Minerals Agreement/Here are the main points of the newly signed

The United States and Ukraine signed a long-awaited minerals deal on April 30, paving the way for further American support for Kiev through a joint investment fund that will contribute to Ukraine's reconstruction. The agreement comes after months of sometimes tense negotiations.

While U.S. officials had pushed for a quick deal, Ukraine insisted on including security guarantees in the agreement and ensuring that any agreement would not be considered repayment for any previous aid.

Over the weekend, Ukrainian officials announced that they had managed to secure the removal of any requirement that Kiev repay the US for past military aid, but that any future aid would count towards the deal.

US-Ukraine Minerals Agreement/Here are the main points of the newly signed

The agreement signed on April 30 lays the foundation for the creation of a fund that will operate as a limited partnership with the U.S. International Development Finance Corporation on the American side and the Public-Private Partnership Support Agency representing Ukraine.

The future fund will be financed exclusively from new licenses. 50% of the revenues from new licenses in the fields of critical materials, oil and gas, generated after the creation of the fund, will be directed towards it.

The agreement also provides a precise list of 57 mineral resources to which the agreement applies, including strategic metals such as uranium and lithium, rare earth elements, precious metals such as gold and platinum, oil and natural gas. This list can only be expanded by agreement of both parties.

The agreement stipulates that Ukrainian authorities must require anyone with mining or infrastructure licenses to share investment opportunities with the US-Ukrainian fund. Other interested parties cannot be offered more favorable terms if the fund shows interest in an investment, the agreement says./CNA





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