Ukraine’s First Deputy Prime Minister and Minister of Economy, Yuliia Svyrydenko, confirmed that Kyiv and Washington have officially signed the minerals agreement, which includes the creation of a joint investment fund. The announcement was made via a post on her Facebook* page.
According to the agreement, Ukraine will contribute 50% of all revenues generated from new mineral leasing agreements and extraction licenses in newly opened areas. Both the United States and Ukraine will have equal voting rights in the management of the fund. The deal does not involve any direct debt obligations from Ukraine to the United States.
Previously, Bloomberg had reported that Washington and Kyiv had finalized the agreement, which grants the United States privileged access to new investment projects aimed at developing Ukraine’s natural resources—including aluminum, graphite, oil, and natural gas.