“The future agreement between Ukraine and the US on minerals will provide for the creation of a completely partnership investment fund with equal participation of both parties-50% in filling and management. This was stated by Prime Minister of Ukraine Denis Shmigal”, – WRITE ON: ua.news
The future agreement between Ukraine and the United States on minerals will provide for the creation of a completely partnership investment fund with equal participation of both parties – 50% in filling and management.
This was stated by the Prime Minister of Ukraine Denis Shmigal on the air of the national telephone.
According to the head of government, contributions to the Fund will be made in cash, while the United States will be able to enroll new military assistance as a contribution. Schmigal stressed that no help that came to the agreement would be part of it.
“Ukraine retains full control over all resources, subsoil and infrastructure. Only new licenses for mining are provided as a contribution, ”the Prime Minister said.
The Fund will function for 10 years and invest in the development of Ukraine. It is about capital investments and the purchase of Ukrainian products on the principle of take or pay (buying or compensation for value).
A separate provisions of the Agreement provide zero duties between Ukraine and the US.
In addition, the US side undertakes to involve other international partners in the initiative. According to Shmigal, this agreement does not contradict the course of Ukraine for joining the European Union.
Earlier, we wrote that at the negotiations the Ukrainian delegation achieved that the US Agreement would not require compensation for all previously provided assistance
April 17 Ukraine and USA Signed a memorandumwhich captures the intention to finize a favorable agreement for both parties. The Ministry of Economy has published the text of the document that defines the basic principles of future cooperation.
