Today at 19:02
President Volodymyr Zelenskyy confirmed that Ukraine and the U.S. have agreed on a framework agreement regarding mineral resources.
He spoke about this during a press conference.
“The main thing for me was that we are not debtors, despite what is being said in the media. The agreement does not include a debt of $500 billion, $350 billion, or even $100 billion. That would be unfair to us,” the president stated.
At the same time, he noted that the next agreement (on a joint fund) will be “more serious and complex.”
Zelenskyy also added that the agreement does not include all the security guarantees Ukraine wanted. However, he emphasized:
“I wanted at least a sentence about guarantees in the framework agreement, and it is there—Point 10.”
The European Pravda publication has released the full text of the framework agreement between Ukraine and the U.S. on mineral resources.
According to the agreement, Ukraine and the U.S. must establish a Joint Reconstruction Investment Fund, which both parties will manage. The agreement stipulates that no participant may sell, transfer, or otherwise directly or indirectly dispose of their share in the fund without prior written consent from the other participant.
It is expected that Ukraine will contribute 50% of all revenues received from the future monetization of its state-owned natural assets to the fund.
Additionally, the U.S. government supports Ukraine’s efforts to obtain security guarantees necessary for establishing lasting peace. The agreement states that both parties will seek to identify any necessary measures to protect mutual investments as outlined in the fund agreement.
According to U.S. President Donald Trump, President Zelenskyy and his delegation may travel to Washington on February 28 to sign the mineral resources agreement.
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