“Ukraine is preparing to sign an agreement with the United States on subsoil on Wednesday – the document provides for the creation of a joint fund for the management of investment projects. Source: “European Truth” with reference to Bloomberg material: Bloomberg from a source familiar with negotiations, preparation of an agreement between Ukraine and the United States on the cooperation in the field of subsoil came to the finish line.”, – WRITE: www.pravda.com.ua
Source: “European Truth” with reference to Bloomberg material
Details: As it became known Bloomberg from a source familiar with negotiations, the preparation of an agreement between Ukraine and the US on cooperation in the field of subsoil came to the finish line. The document is almost ready for signing, and this can happen on April 30.
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Minister of Economy Yulia Sviridenko went to Washington to finalize arrangements. According to Bloomberg, the project is about the creation of a joint fund that should attract investments in energy, mining and related sectors of the Ukrainian economy.
The document also takes into account the strategic goal of Ukraine – accession to the EU – and provides that cooperation with the United States will not contradict the European integration aspirations of Kiev.
An important agreement was that the United States recognized as a contribution to the Fund only future military assistance provided after the signing of the agreement.
Thus, tens of billion dollars of assistance that Ukraine had already received from the beginning of the invasion of the Russian Federation have been excluded from the agreements, which Prime Minister Denis Shmigal has previously reported.
As stated in the document, this Agreement should strengthen the strategic partnership of Kyiv and Washington and assist in the long -term reconstruction of Ukraine after the large -scale destruction caused by war.
At the same time, two technical agreements that will regulate the details of the joint stock functioning are still at the stage of approval.
Read also: Fast minerals. What Ukraine and the United States have agreed in the new Memorandum about subsoil.
Recall:
- On April 17, Ukraine and the United States signed a memorandum of intentions to “complete the official agreement on economic partnership and the investment fund of reconstruction”.
- The agreement, according to a memorandum, will provide for the creation of a fund of investment in the rebuilding of Ukraine, and work on the agreement cannot cause conflicts for Ukraine’s European integration path.