“President Volodymyr Zelenskyy has handed a letter to his American colleague Donald Trump with new proposals regarding cooperation in the defense-industrial and trade spheres. This was reported by the President’s Office press service after meeting Zelensky with the US Vice President Ji Di Jens and Secretary of State Marco Rubio in Rome. They discussed negotiations in Istanbul, the topic of ceasefire and further steps for sustainable peace, […]”, – WRITE: Businessua.com.ua
This was reported by the President’s Office press service after meeting Zelensky with the US Vice President Ji Di Jens and Secretary of State Marco Rubio in Rome.
They discussed the negotiations in Istanbul, the topic of ceasefire and further steps for sustainable peace, as well as touched on the need for sanctions against Russia, bilateral trade, defense cooperation, the situation on the battlefield and the future exchange of prisoners.
Particular attention was paid to the implementation of the Economic Partnership Agreement between Ukraine and the US.
Zelensky handed over to Trump. It deals with new proposals for cooperation in the defense-industrial and trade spheres between Ukraine and the US. Other details of this letter are not reported.
Recall that Ukraine and the United States of America signed an agreement on the creation of an investment fund for reconstruction of Ukraine, which provides for future cooperation in the production of minerals.
On May 8, the Verkhovna Rada supported the ratification of the agreement between the governments of Ukraine and the US, and on May 12, Zelensky signed the relevant document. On May 13, Ukraine signed two additional agreements with the US side to create a joint mineral development fund.
The main provisions of the Agreement:
The investment fund of reconstruction is being created, which is equal to Ukraine and the United States. No side will have advantages in it. All decisions are made jointly.
The Fund is a tool for investing in Ukraine, not a mechanism for transferring assets. All Ukrainian natural resources remain with Ukraine.
The Fund will be filled with the United States and Ukraine in a ratio of 50 to 50. From the US it will be monetary contributions or new military assistance.
In the first 10 years, the funds of the Fund are not withdrawn from Ukraine, but are reinvestment to Ukraine.
The Fund will guarantee commercial purchases of products on terms of “Berry or payment”. That is, the products will be guaranteed demand.
The Foundation through the US Agency DFC will attract American and European new technologies, which will accelerate the restoration and modernization of Ukraine.
The agreement does not mention any debt of Ukraine.
Fund’s income is not taxed by the US and Ukraine. Critical fossils exported to the United States are not subject to duties, which in the current environment provides opportunities for trade development.
The agreement is not contrary to other international obligations of Ukraine.
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