The EU approves the subsoil agreement between Ukraine and the US

The EU (European Union) officially approves the signing of the Nedra and the USA Agreement and stresses that it does not contradict the country’s European integration course. On the contrary – The agreement strengthens economic cooperation and supports Ukraine’s path to full membership in the European Union.

The spokesman of the European Commission informed about it in a comment to “Public”. Brussels not only approved the creation of the Investment Fund of Reconstruction, but also assured that this cooperation not only does not contradict Ukraine’s European integration, but also contributes to it.

“The Commission welcomes the United States’ obligation to invest with Ukraine in free, sovereign and safe Ukraine,” the European Commission spokesman said. The EU noted that the document contains special provisions designed to ensure all the obligations of Ukraine to the European Union. This includes the compliance with the terms of the Association Agreement and the consistency with the principles of in -depth and comprehensive free trade (DCFTA).

This structure of the agreement makes it impossible to any legal or political conflicts on the way to EU membership. “It is not only an investment initiative, it is another step towards integrating the Ukrainian economy into a single EU market,” the commission said.

The Agreement recognizes the European integration course of Ukraine as one of the fundamental elements of its sovereignty and security. This is an important aspect because Brussels clearly defends that Ukraine’s restoration and reconstruction should be in accordance with the standards and principles that the EU shares. On the night of May 1, an agreement was signed on the establishment of an investment fund of reconstruction. Basic principles:

Full ownership of the subsoil remains by Ukraine: the state determines where and what to produce;
The Fund is created in 50/50 format: no party will have control, decisions are made jointly;
No debts: the financial model does not create Ukraine’s obligations to the United States;
Tax benefits: income and contributions to the Fund are not taxed;
Implementation through legislative changes: only point changes to the Budget Code are required.
The Foundation will only invest in Ukrainian projects: the extraction of critical minerals, the development of infrastructure and the introduction of new technologies. The US will also attract partnerships and companies from the EU and other countries that support Ukraine.

The European Commission stressed that the agreement is fully consistent with the political and economic framework of Ukraine’s application for entry into the EU. “We need to ensure that Ukraine’s reconstruction is successful, fair and stable,” Brussels noted.

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