“The Rada Supported Amendments to the Budget Code for Mineral AgreementThe Verkhovna Rada supported bill No. 13256 as a basis regarding amendments to the Budget Code for the implementation of the agreement on mineral resources. Ukraine’s contribution will consist of half of the funds from royalties and new licenses.
”, — write: unn.ua
Details”FOR” in the first reading voted – 286 deputies (with a reduced deadline for submitting amendments).
Ukraine’s contribution will consist of half of the funds received after the entry into force of the Agreement from:
- rent for the extraction of minerals (oil, gas, gas condensate and everything specified in Annex A to the Agreement) from new licenses;
- issuance of new special permits for the use of mineral resources;
- sale of the state share of production under new production sharing agreements.
These funds will be credited to a special fund of the state budget and, by decision of the chief administrator (presumably the Ministry of Economy), will be transferred to the Reconstruction Fund
He also noted that, conditionally, if such an agreement had been in place for 5 years since 2019, it would have brought in about $71 million.
Zelenskyy Approves Ratification of Agreement with the US on Minerals 12.05.25, 18:48 • 62082 views