Context
The agreement on Ukrainian resources Ukraine and the United States signed on April 30. The document provides for the creation of a general investment fund with an equal distribution of participation – 50/50. Fund funds will be invested only in Ukraine – in mining, oil, gas, infrastructure and processing projects. At the same time, full control over subsoil and resources remains with Ukraine, as well as the right to determine the conditions for the use of national resources.
On May 1, Trump stated that the United States promises an agreement with Ukraine on minerals that significantly exceeds invested funds. Zelensky said that this is an equal agreement that creates an opportunity for investment in the country.
On the same day, the Cabinet of Ministers of Ukraine published on its official website the text of the agreement with the United States on subsoil in Ukrainian and English. It provides, in particular, the extraction of 57 types of minerals and contains guarantees that the agreement will not contradict Ukraine’s agreements with the EU and the desire of Ukraine to enter. Also, the parties will not be accrued on income from the partnership of any duties or taxes.
Zelensky believes that there was no more promising economic agreement than the agreement on subsoil, in relations between Ukraine and the United States, and that it was “joint investment work with the United States for decades.”
