Ukraine strategic fossil agreement with the United States

 

Axios has learned when Ukraine can sign a strategic fossil agreement with the United States

Arthur the Cross — February 24, 6:49 PM

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The United States and Ukraine are close to concluding an agreement on minerals worth hundreds of billions of dollars: it can be signed on February 24.

About it reports Axios edition with reference to sources.

• According to the Ukrainian official, the talks are in the final stage, and the document can be signed on Monday. 
• Although the version of the document reviewed by Axios is the latest, it can still be modified.

The Deputy Prime Minister of Ukraine Olga Stefanishina previously confirmed in a letter in the social network X that the parties are close to the agreement. She noted that the signing would be "a testament to our commitment for decades to come."

The draft document refers to the creation of a «Investment Fund for Recovery », which will be jointly managed by the United States and Ukraine.

"The Government of the United States intends to provide long-term financial support for the development of a stable and economically prosperous Ukraine," the statement said.

The fund will invest in various facilities, including mining and port infrastructure development, as well as attract additional investment.
However, the document also mentions that the United States intends to partially offset its spending on "protecting, restoring and returning Ukraine" to pre-war GDP.

• At the same time, the draft agreement received by Axios contains a general wording on the US desire to keep Ukraine free, but there is no clear commitment to military support.
•  The agreement also stipulates that Ukraine must contribute 500 billion to the fund $, and its contributions must be twice the US contributions. However, this payment will not be sent directly to the United States.

According to the document, 50% of Ukrainian revenues (excluding operating costs) from the extractive industries — in particular minerals, oil and gas — must go to the fund.

The text contains provisions on the financing of facilities in regions that are "temporarily occupied by the Russian Federation, in case of their de-occupation."

Let's remind:

• Agreement between the United States and Ukraine provides creation of a commercial fund in which the United States will have 100% control, and Ukraine will allocate funds for it. EP learned the details.

President of Ukraine noted that he is not going to recognize an agreement under which Ukraine will be to blame for the combined States $ 500 billion.

 

U.S. Treasury names guarantees for Ukraine under fossil deal

Fox: U.S. Treasury names guarantees for Ukraine in fossil deal

Mon, 02/24/2025 - 03:17

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The agreement between the USA and Ukraine on the use of rare earth minerals does not contain military guarantees for Kiev. US Treasury Secretary Scott Bessent said this on 23 February on the air of the Fox News TV channel.

According to the US Treasury Secretary, Ukrainian President Volodymyr Zelenskyy is expected to sign the fossil deal. 

• Bessent specified that the agreement does not imply guarantees on the economic security of the state.
•  In addition, the Minister said that the deal is part of United States President Donald Trump's negotiating plan to resolve the Ukrainian conflict and "return Ukrainians to a peaceful life".

Bessent added that the first part of this strategy involves a partnership between the United States and Ukraine on minerals, energy resources and state-owned enterprises in the country. The head of the American Finance Ministry said that cooperation in these areas would be mutually beneficial.

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On the same day, the adviser to Ukrainian Defense Minister Oleksandr Kubrakov said that the deal between Kiev and Washington on rare-earth resources was a great opportunity to find a strategic partner.

 

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