August 28, 2025
The government starts a competition for the Lithium deposit development agreement in Kirovohrad - Prime Minister thumbnail
Ukraine News Today

The government starts a competition for the Lithium deposit development agreement in Kirovohrad – Prime Minister

The following steps are the announcement of the announcement within two months, three months to receive applications, then – the determination of the winner”, – WRITE: www.radiosvoboda.org

The Cabinet of Ministers of Ukraine begins a competition for the conclusion of an agreement on the distribution of products in the Lithium deposit “Good” in Kirovograd region, Prime Minister Yulia Sviridenko said.

“We begin a competition for the conclusion of a product distribution agreement in the Kirovograd region. The site contains significant reserves of lithium, which is of strategic importance for energy and technology. We expect an investor who will provide not only production, but also the development of production with a value added in Ukraine, ”she wrote.

According to her, the next steps are the announcement of the announcement within two months, three months to receive applications, then – the determination of the winner.

On April 30, Ukraine and the United States signed an Economic Partnership Agreement and the establishment of an investment fund of reconstruction. According to the Ministry of Economy of Ukraine Yulia Sviridenko, the document, among other things, provides that full property and control remain under Ukraine, the Fund is created 50/50, no debt of Ukraine to the United States, the agreement will be an obstacle to Ukraine’s accession to the European Union, and the fund will be filled with revenues exclusively.

The Agreement on the US-Ukrainian Investment Fund of Reconstruction officially came into force in May, after the transfer of diplomatic note of the United States.

Earlier, Yulia Sviridenko stated that this deposit potentially falls under the mandate of the US-Ukrainian reconstruction fund-its development can be the first pilot project within the framework of joint investment.

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