Ukrainian Prime Minister Denys Shmyhal has confirmed that a deal with the US is ready.
Both sides have prepared the final version of the mineral resources agreement, which the Ukrainian government is expected to approve today.
Shmyhal explained that the US supports Ukraine’s efforts to obtain security guarantees to achieve a lasting peace.
The preliminary text of the “agreement” between Ukraine and the US has appeared in the media.
The agreement is called the “Agreement on the Approval of the Terms and Conditions of the Investment Fund for Reconstruction of Ukraine.”
Key points:
- It is planned to create an investment fund that Ukraine and the US will jointly manage.
- The fund will collect incoming income. Ukraine will receive 50% of the income from the future monetization of natural resource assets.
- Contributions to the Fund will be reinvested in Ukraine at least annually to ensure the country’s security and development.
- The US government will maintain a long-term financial commitment to developing Ukraine.
- The agreement is an indispensable element of the architecture of bilateral and multilateral agreements, as well as concrete steps to establish long-term peace, strengthen the economy, and stabilize the security sector.
- The document obliges the parties to begin negotiations on a fund agreement immediately.
