Ukraine and US Near Finalization of Key Mineral Agreement
Ukrainian Minister of Economy Yulia Sviridenko is in Washington to finalize a significant mineral agreement with the United States, as confirmed by Ukrainian Prime Minister Denys Shmyhal. The agreement, which Prime Minister Shmyhal describes as fair and beneficial for both nations, is expected to be signed within the next 24 hours.
The negotiations for this mineral agreement have been ongoing since February, following a proposition by former US President Donald Trump. This agreement involves the establishment of a joint investment fund, largely managed by American interests, into which a share of the profits from the exploitation of Ukraine's natural resources will be directed.
The primary objective of the fund is twofold: to foster investment from American companies and to ensure protection for US investments in Ukraine. Prime Minister Shmyhal emphasized the importance of this agreement, indicating that it is aimed at recovering part of the financial assistance provided by the United States to Kyiv amid the ongoing conflict.
Through this deal, Ukraine is not only hoping to secure the necessary investments for its recovery and development but also aiming to bolster its strategic partnership with the United States. As the signing approaches, both countries are viewing this agreement as a pivotal step forward in their economic collaboration amidst challenging circumstances.
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