Us-ukraine mineral deal: An economic partnership agreement between the US and Ukraine has been signed. Under this, America will be preferred to reach the rare economy of Ukraine or natural resources in future. The agreement also talks about the establishment of a joint investment fund for reconstruction of Ukraine. This is a long -awaited agreement. About this, Kiev hopes that this will clear the way for America’s continuous support. The agreement is a major foreign policy victory for US President Donald Trump. He had presented this agreement as the foundation stone of his Ukraine strategy since he took office.
It was announced late on Wednesday that the agreement was signed. This work is done after several months of tense conversation. Ukraine’s Deputy Prime Minister and Economic Development Minister Yulia Swaridenco went on a visit to Washington to form the agreement with the US. After the signature, Yulia Swiridenco said about the main provisions of the agreement on the social media platform X that the ‘complete ownership and control’ of Ukraine’s resources would remain completely in the hands of Kiev. He said, “All resources in our region and water are from Ukraine. Ukraine will determine whether and where to remove.” He emphasized that Ukrainian is in ownership of Ukrainian and this is clearly stated in the agreement. ”
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Why the agreement was delayed in the signing of the agreement?
The US and Ukraine had been trying to finalize the deal since US President Donald Trump returned to the White House in January this year. After a controversial meeting at the Oval Office in February, Ukrainian President Volodimir Jailonsky’s visit to Washington ended in the middle. Due to which a joint investment for reconstruction of Ukraine was also delayed in the signing of the agreement. Kiev and Washington will jointly manage this fund, in which their participation will be 50-50 percent. It will be financed from the revenue received from new projects of important minerals, oil and gas. Not from earlier projects.
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Those who will not get benefit with Russia
After this agreement, the US Finance Department said in a statement, “As President Trump said, America is committed to helping ending this cruel and fruitless war. The agreement clearly indicates to Russia whether Trump administration has long been committed to an independent, sovereign and prosperous peace process focused on Ukraine. Any country or person who has been properly financed for any country or a person who has been provided for a warning or person has supplied a war. He will not be allowed to benefit from reconstruction of Ukraine. “
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What are the rare meaning elements?
Rare Earth Element is a group of 17 elements, which are essential for many types of technology. These include cellphones, hard drives, electric and hybrid vehicles. China is its largest producer in the world. America and Europe are trying to reduce dependence on Beijing. Ukraine has a reserves of many important minerals, with titanium, lithium and cobalt main. According to a study by Kiev School of Economics, Ukraine has more than 100 major reserves of important minerals. There are also oil and natural gas reserves.
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The Trump administration said in March that it wants the Ukraine to pay the assistance given during the war with his mineral wealth. In the final deal, the idea of believing that assistance as a loan was removed. And it seems that the deal keeps open the door to join the European Union especially for Ukraine. However, there was no mention of the US security guarantee in the nine -page agreement published by the Government of Ukraine on Thursday.
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What happened in the oval office?
The agreement was initially signed when Ukraine’s President Volodimir Jailonsky came to Washington in February. But the signature ceremony was suddenly canceled when Trump and Uppathpati Vance criticized the Ukrainian President at the Oval Office and said that they were not sufficiently grateful for American support and wanted to pressurize them for peace agreement. Jelnsky was suddenly asked to leave the White House and temporarily stopped sharing all military aid and intelligence with Ukraine.