Mining agreement without security guarantees

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On Friday, a Ukrainian delegation arrived in Washington to participate in a new round of negotiations on an agreement on strategic mineral resources.

This was reported by the New York Times, citing sources in Kyiv.

The delegation is headed by Deputy Minister of Economy of Ukraine Taras Kachka.

According to the publication, the negotiations will last two days and will be of a purely technical nature. The participation of high-ranking officials at this stage is not envisaged.

The publication writes that the new version of the draft mineral deal between the US and Ukraine does not mention security guarantees for Kyiv.

According to the draft document, Ukraine will have to transfer 50% of the income from natural resource projects to an investment fund controlled by the US.

In addition, the new version of the agreement contains stricter conditions: the US will be able to receive all profits from the fund until Kyiv compensates for all military and financial assistance previously provided by the United States, plus 4% per annum.

Earlier, Prime Minister Denys Shmyhal emphasized that Kyiv has clear “red lines” in these negotiations – they concern the Constitution, the desire to join the EU, and fulfilling international obligations.

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