The US and Ukraine signed an agreement on natural resources: what does it provide for
Date: 2025-05-01 Author: Кирило Загоруйко Categories: WORLD
The US and Ukraine signed an agreement on access to Ukrainian natural resources. This was confirmed by First Deputy Prime Minister - Minister of Economy Yulia Svyrydenko.
"Together with US Treasury Secretary Scott Bessent, I signed an Agreement on the creation of the US-Ukraine Recovery Investment Fund," she wrote on Facebook.
According to her, Kyiv and Washington will create an Investment Fund for the restoration of Ukraine, which will attract global investments to our country. The key provisions of the agreement are as follows:
Full ownership and control over the subsoil remains with Ukraine. It is the Ukrainian state that determines where and what to extract. The subsoil remains in Ukrainian ownership.
Equal partnership between the US and Ukraine. The fund is created 50/50, and neither party will have a decisive vote.
National property is protected. The signed agreement does not provide for changes in the privatization processes or the management of state-owned companies. Companies such as Ukrnafta or Energoatom remain state-owned.
No debts. The signed agreement does not mention any debt obligations 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 complies with the Constitution and does not change Ukraine's European integration course. It will also be a signal to international players that long-term cooperation with our state is reliable.
The Fund will be filled with revenues exclusively from new licenses. "We are talking about 50% of the funds from new licenses for projects in the field of critical materials and oil and gas, which will go to the budget after the creation of the Fund. Revenues from projects that have already begun or planned budget revenues are not included in the Fund. The agreement talks about further strategic cooperation," writes Sviridenko.
Legislative changes are only targeted. For the Fund to function, only changes to the budget code are needed. At the same time, the Agreement must be ratified by the Verkhovna Rada.
The US will help attract additional investment and technology. The new fund will be supported by the US government through the DFC agency. It will help Ukraine attract investment and technology from funds and companies in the US, the EU and other countries that support our fight against the Russian enemy.
The agreement provides tax guarantees. The Fund's income and contributions are not taxed in either the US or Ukraine, so that the investment yields the greatest results, writes Sviridenko.
