Kyiv, Ukraine-after the months of tense US and Ukraine negotiations, signed an agreement that would expect Washington to provide access to the critical minerals of the country and other natural resources, and the Kiev Hope agreement will ensure long-term support for its defense against Russia.
According to Ukrainian officials, the version of the agreement signed on Wednesday is much more advantageous for Ukraine than the previous versions, which, according to them, limited Kiev to a junior partner and gave Washington unprecedented rights to the country’s resources.
The agreement – which the Ukrainian parliament must ratify – would create a reconstruction fund for Ukraine, which Ukrainian officials hope to be a means to ensure future US military assistance. The previous agreement was almost signed before she was derailed at a tense oval office concerning US President Donald Trump, US vice president of JD Vance and Ukrainian President Volodymyr Zlenskyy.
“We have created a version of an agreement that provides mutually beneficial conditions for both countries. It is an agreement in which the United States states its obligation to support long -term peace in Ukraine and recognizes a contribution that Ukraine has made in global security by giving up its nuclear arsenal.”
The signature comes when American Foreign Minister Marco Rubio said that it would end a war that seems to have stopped for the US effort. Ukraine considers the agreement to be a way to ensure that its largest and most important ally remains involved and does not freeze military support, which was crucial in its three -year struggle against the Russian invasion in a full scale.
“This agreement clearly signals Russia that Trump’s administration is committed to a peaceful process focused on free, sovereign and prosperous Ukraine in the long run,” said Finance Minister Scott Bessnt, who signed the US.
Here is a view of the agreement.
The agreement includes minerals, including elements of rare soils, but also other valuable resources, including oil and natural gas, according to the text published by the Government of Ukraine.
It does not include resources that are already a source of income for the Ukrainian state. In other words, any profits within the agreement depend on the success of new investments. Ukrainian officials also noted that they did not apply to any debt obligations for Kiev, which means that the profits from the fund are unlikely to be back paying back for their previous support.
Officials also stressed that the agreement ensures full ownership of resources in Ukraine and the state will determine what can be extracted and where.
The text of the agreement reports 55 minerals, but says it is possible to agree more.
Trump has repeatedly showed interest in the elements of rare soils of Ukraine, and some of them are included in the list, as well as other critical minerals such as Titan, Lithium and Uranus.
They are a group of 17 elements that are necessary for many types of consumer technologies, including mobile phones, hard drives and electric and hybrid vehicles.
China is the largest producer of elements of rare soils in the world, and the US and Europe have tried to reduce their dependence on Beijing, the main geopolitical opponent Trump.
They include elements such as Lanthanum, Cerium and Scandium, which are listed in the Agreement.
The agreement establishes the investment fund for reconstruction and, according to SvyryDenko, will have the same word in their proceedings in their proceedings.
The fund will be supported by the US government through the US International Development Finance Agency, which Ukraine hopes to attract investment and technology from American and European countries.
Ukraine is expected to contribute 50% of all future profits from government natural resources to the fund. The United States will also contribute in the form of direct funds and equipment, including the necessary air defense systems and other military assistance.
Contributions to the fund will be reinvested in projects related to mining, oil and gas and infrastructure.
SvyryDenko reported no profits from the fund for the first 10 years.
Trump administration officials originally promoted an agreement in which Washington would receive $ 500 billion in profits from the exploited minerals as compensation for his war support.
But Zeletskyy refused the offer and stated that he would not apply for an agreement “which will be paid 10 generations of Ukrainians”.
Ukrainian elements of rare soils are largely unused due to state policy regulating this industry, lack of good information about deposits and war.
The potential of this industry is unclear because geological data is thin because the mineral reserves are scattered in Ukraine and existing studies are considered to be largely insufficient, according to traders and analysts.
In general, however, the view of Ukrainian natural resources is promising. Titan’s reserves in the country, a key part of the aerospace, medical and automotive industry, is one of the largest European. Ukraine also holds some of the largest known lithium reserves, which is required to produce batteries, ceramics and glass.
In 2021, the Ukrainian mineral industry was 6.1% of the country’s gross product and 30% of exports.
It is estimated that 40% of the metal mineral sources of Ukraine are, according to data from We Bild Ukraine, the Think tank in Kiev, inaccessible due to the Russian occupation. Ukraine claimed that it was in the interest of Trump to develop the rest than Russian progress captures more.
This article was generated from an automated news agency without text modifications.
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