BREAKING NEWS: The Rada ratified the minerals agreement

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The agreement with the Americans was supported by 338 people’s deputies.

The Verkhovna Rada voted to ratify the so-called mineral agreement between the United States and Ukraine . The decision was supported by 338 MPs, as reported by MP Yaroslav Zheleznyak’s broadcast from the parliament hall.

The explanatory note to the bill (No. 0309) states that ratification of the agreement will create the legal basis for the implementation of the agreement between the governments of Ukraine and the United States on the creation of the US-Ukrainian Reconstruction Investment Fund.

First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko emphasized during her speech that the agreement takes into account Ukrainian constitutional principles.

“Ownership and control over the subsoil remains with Ukraine, all resources on all our land and territorial waters belong to Ukraine, national property is protected. Investment projects are submitted by Ukraine – this allows us to implement our economic priorities. The agreement takes into account Ukraine’s course for accession to the EU and relevant obligations,” she said.

Agreement on the establishment of an investment fund – what is known

On May 1, the United States and Ukraine signed an agreement to create a Reconstruction Investment Fund, which provides for shared access to Ukrainian natural resources.

According to the First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko, this fund will attract global investments to our state . In particular, it is assumed that full ownership and control of the subsoil will remain with Ukraine. The fund is being created 50/50, and none of the parties will have a decisive vote.

Deputy Minister of Economy Taras Kachka said that Ukraine will be able to contribute half of the payments from the rent for mineral extraction to the Reconstruction Investment Fund, which will be created as part of the subsoil agreement.

According to him, the resource agreement between the US and Ukraine does not divide Ukrainian territories into occupied and unoccupied , and where the investment fund will operate has not yet been discussed by the parties.

Yulia Svyrydenko said that Ukraine and the United States have a clear mechanism for distributing profits from the newly created Reconstruction Investment Fund . At the time of signing the agreement, the United States and Ukraine will have equal shares in the Fund – 50/50, but additional contributions will be possible in the future, the amount of which will affect the payment of income.

(c)UNIAN 2025