“Ukraine and the United States of America have signed an Economic Cooperation Agreement (Nadra Agreement). The first Viceremier -Minister – Minister of Economy of Ukraine Yulia Sviridenko and US Department of Finance Scott Scott Bessent made their signatures. About it reports the Facebook page Sviridenko. “Together with US Finance Minister Scott Bessant, she signed an agreement on the establishment of an investment fund of US -Ukraine reconstruction,” she said. Sviridenko also”, – WRITE ON: ua.news
Ukraine and the United States of America have signed an Economic Cooperation Agreement (Nadra Agreement). The first Viceremier -Minister – Minister of Economy of Ukraine Yulia Sviridenko and US Department of Finance Scott Scott Bessent made their signatures.
About it reports the Facebook page Sviridenko.
“Together with US Finance Minister Scott Bessant, she signed an agreement on the establishment of an investment fund of US -Ukraine reconstruction,” she said.
Sviridenko also explained that this agreement provides:
Together with the United States, we will create an investment fund for the reconstruction of Ukraine, which will attract global investments in our country, ”the official reads.
In addition, she outlined the thesis key provisions of the Agreement:
Full property and control remain behind Ukraine
All resources in our territory and territorial waters belong to Ukraine. It is the Ukrainian state that determines where and what to produce. The subsoil remains in Ukrainian ownership – this is enshrined in the agreement.
Equal partnership
The fund is created 50/50. We will manage this fund in conjunction with the United States. Neither party will have a prevailing voice, and this will reflect an equal partnership between Ukraine and the United States.
National property is protected
The agreement does not provide for changes in privatization or management of state -owned companies – they will continue to belong to Ukraine. Companies like Ukrnafta or Energoatom remain the state.
No debt
The agreement does not mention any debt of Ukraine to the United States. The implementation of the agreement will allow both countries to increase their economic potential through equal cooperation and investment.
The agreement corresponds to the Constitution and does not change the European integration course
The document is consistent with national legislation and does not contradict any international obligations of Ukraine. It is important that the agreement will be a signal for other world players, that Ukraine is reliably cooperating with Ukraine for decades.
The fund will be filled with income exclusively from new licenses
It is 50% of the funds from new licenses for critical and oil and gas and gas and gas -based projects after the fund is created. Revenues from the previously started projects or the budget planned are not included in the fund. The agreement refers to further strategic cooperation.
Legislative changes are only point
The Fund’s functioning provides for amendments to the Budget Code. The agreement itself should ratify the Verkhovna Rada.
US will help attract additional investments and technologies
The Fund is supported by the US government through DFC, which will help us attract investments and technologies from funds and companies in both the US and other countries that support our fight against the Russian enemy. The transfer and development of technology is an important component of the agreement, because we need not only investments but also innovations.
The agreement provides tax guarantees
Fund’s revenues and contributions are not taxed in the US or Ukraine to give investment as much results.
Fund’s work
Sviridenko also told how the fund will work. According to her, the US is contributing to the Fund, and in addition to the funds, they “can do it with a new assistance – for example, air defense systems for Ukraine.”
“Ukraine makes 50% of the state budget revenues from the new rent to new licenses for new areas. Ukraine can also make additional contributions, besides this basic, if it is necessary. It is about cooperation for decades, ”she said.
The Fund is then investing in mineral and oil and gas production projects, as well as in the concomitant infrastructure or processing. The specific investment projects that will be directed by Ukraine and the US will be determined jointly. It is important that
The Fund can invest exclusively in Ukraine
“We expect that the first 10 years of profits and funds of the Fund are not distributed, but can only invest in Ukraine – in new projects or rebuilding. These conditions will be discussed additionally, ”Sviridenko reported
Thus, the Ukrainian side formed a version of the agreement, which “provides mutually beneficial conditions for both states.”
“It is an agreement in which the US marks their desire to promote long -term peace in Ukraine and recognize the contribution that Ukraine has made on global security by abandoning the nuclear arsenal. Agreement in which the United States marks its dedication to Ukrainian security, restoration and reconstruction, ”Sviridenko reported.
How did the idea arose and which were contradictory
The very idea of entering into the joint use of the subsoil emerged within the framework of the “Victory Plan” of President Vladimir Zelensky. He emphasized that Ukraine owns significant mineral reserves, including rare earth metals worth a total of dollars.
These resources, as noted by the Head of State, can become the basis for the economic restoration of the country and strengthen the strategic partnership with the United States.
According to Western media, this item was actually designed for US President Donald Trump and had to interest him. What happened as a result. The US president quickly picked up this topic, but began to promote the most favorable plane.
Initially, it was planned to sign a framework agreement between the countries. As explained by the Prime Minister of Ukraine Denis Shmigal, who was to follow the contract for the creation of an investment fund, where Ukraine will direct the funds received from the sale of its mineral resources. However, due to the controversy of Zelensky and Trump in the oval office that happened in February, this agreement was not concluded.
At the end of March, Washington offered Kiev an updated version of the agreement. Although the official content of the document was not published, the President of Ukraine stated that the new agreement is no longer a framework but a full -fledged one and will need ratification by the Verkhovna Rada.
After that, the parties began negotiations on cooperation conditions. At the same time, the media has information about the content of the project, which caused lively discussions. In particular, resonance has caused provisions that allegedly envisage the US access to a wide range of Ukrainian natural resources – not only rare earth, but also gas and oil.
The origins also mentioned that the management of the investment and reconstruction fund will have mainly the US side. In addition, Ukraine, according to the document, undertakes to return funds for all the assistance received from the United States after the start of a full -scale war.
However, recently b As a result of the meeting with the Minister of Finance US Scott Bessent, the Minister of Ukraine said that the agreement would not be credited with US assistance provided to Ukraine before its signing.
Signing a memorandum
However, on April 17, the parties took a step to a joint agreement. Ukraine and the United States have signed a memorandum that recorded the common intentions of the countries to conclude a large -scale agreement on economic partnership. One of its key elements is the creation of the Investment Fund for Ukraine’s rebuilding.
The signing of the Memorandum took place online. On the Ukrainian side, the document was signed by the first Viceremier-Minister Yulia Sviridenko, and on the American-US Finance Minister Scott Bessent.
“We are preparing the creation of the Investment Fund for Ukraine’s rebuilding. The relevant agreement will open up opportunities for significant investments, modernization of infrastructure and mutually beneficial partnership of Ukraine and the United States, ”Sviridenko said at the time.
Viceremier-Minister noted that the agreement itself should ratify the Verkhovna Rada of Ukraine.
What about the signed agreement between Ukraine and the US?
Bloomberg news agency, citing the draft document, reported that the US and Ukraine will seek to create conditions for “increasing investments in the mining industry, energy and related technologies in Ukraine”.
The text, according to journalists, also states that Washington recognizes the intentions of Kiev so that the agreement does not contradict Ukraine’s plans for joining the European Union.
In addition, the United States agreed that only future military assistance for Ukraine will consider the US contribution to the joint investment fund. As for the latter, as above, Shmigal said that Ukraine has agreed not to count in the Nadra Nadra Agreement, which it received before signing.
Since Bloomberg notes, the Trump administration insisted on the profit agreement from future Ukrainian investment projects, in particular, with minerals and infrastructure, to be compensated for military assistance provided from the beginning of a full -scale invasion.
The day before, US Finance Minister Scott Bessent said that the Ukrainian side had decided to amend the subsoil agreement before signing.
On April 17, Ukraine and the US signed a memorandum that captures the intention to finalize the agreement favorable for both parties. The Ministry of Economy has published the text of the document that defines the basic principles of future cooperation.
The next day, the text of the Memorandum on the intentions to sign the Economic Partnership Agreement with the United States appeared.
