“The agreement between Ukraine and the United States on subsoil cooperation will not lead to the launch of production for at least the next decade and will require large -scale private investment. Financial Times writes about it. The document signed last week provides for the attraction of US capital in the mining and energy sectors of Ukraine. One of the main points is the creation of a joint investment fund for reconstruction to be financed”, – WRITE ON: ua.news
The agreement between Ukraine and the United States on subsoil cooperation will not lead to the launch of production for at least the next decade and will require large -scale private investment.
About it writes Financial Times.
The document signed last week provides for the involvement of US capital in the mining and energy sectors of Ukraine. One of the main points is the creation of a joint investment fund for reconstruction, which will be financed by future profits from projects.
According to experts, real results should not be expected earlier than 10-15 years.
“This is a prospect for 10-15 years – we are talking about such terms,” said Eric Rasmussen, a former head of natural resources at the European Bank for Reconstruction and Development.
The head of the Clareo Consulting Group Peter Braiant emphasizes that only the intelligence and launch of deposits can last more than a decade. Therefore, the agreement will not provide short -term impact on supply chains.
Ukraine has significant reserves of iron ore, coal, titanium, lithium, graphite, and is one of the three largest gas producers in Europe. It is gas and oil that can start faster than mining, but even in this case there is a lot of obstacles – a full -scale war, damaged infrastructure, lack of geological data and risks of corruption.
All these factors, according to experts, advance the beginning of real production for the period after 2040.
Minister of Economy Yulia Sviridenko, who has signed the agreement, noted that the investment fund will take effect for several weeks. At the same time, she acknowledged that the profits are not expected in the near future.
“We expect that the first 10 years of the Fund’s income and revenues will not be distributed, but will be reinvesting in Ukraine – into new projects and rebuilding,” Sviridenko wrote on the X platform on the day of signing the document.
It should be noted that the fund covers only new projects. Available objects, such as the Ferrexpo mine or licensed before the war, the Schimanovsky Black Iron deposit is not subject to the agreement.
At the same time, the CEO of Black Iron Matt Simpson believes that their project will remain relevant to foreign investors after the war is over. Among the main challenges, he calls the lack of experts, because in Ukraine almost did not build new mines since the Soviet times.
Another problem is limited access to geological maps and data, most of which remain classified for safety reasons. In addition, some of the potentially promising deposits are likely to have long been developed or exhausted.
We used to write that High The advice supported As a based on the bill 13256 on changes to the Budget Code for the implementation of the US Agreement.
Signed with Ukraine Agreement on Minerals is complete The Economic Partnership, which will give Trump to President Donald Trump for negotiations with the Russian Federation, said US Finance Minister Scott Bessent.
