Ukrainian deputy prime minister Yulia Svyrydenko has revealed in more detail what the minerals agreement signed between Kyiv and Washington includes.
Ms Svyrydenko, who signed the deal in Washington on Wednesday sign the deal on Wednesday, summed up key elements in a lengthy thread on X.
These include:
– Kyiv continuing to have full ownership and control of its natural resources
– The fund will be an equal, 50/50 partnership, with neither Kyiv not Washington having a majority vote.
– State-owned companies, such as like Ukrnafta and Energoatom, will continue to be under Ukrainian ownership.
– The deal mentions no debt obligations.
– The agreement is in line with Ukraine’s constitution and maintains its course towards integration with the EU.
– The fund will be only be filled with revenues from new projects
– Washington will help attract additional investment and technology to the fund, which will be supported by U.S. government through the I nternational Development Finance Corporation (DFC) agency.
– Income and contributions the fund sees will also not be subject to tax.
You can read more about the specific details of the deal on her X thread.
