The full text of the Agreement between Ukraine and the United States on the use of minerals and the use of minerals and funding for renewal. According to European Truth, the document reveals the key aspects of cooperation between the two countries in the field of natural resources monetization and directing the received funds for economic growth, writes IZ.
Basic provisions of the Agreement
According to the document, Ukraine and the US are creating a joint fund that will finance the country's rebuilding. Fund management will be carried out on a parity basis, which means the equilibrium participation of representatives of both states.
Key details of the agreement:
- Financing sources: Ukraine undertakes to transfer 50% of revenues from future monetization of state natural resources, including oil, gas, minerals and infrastructure. that will greatly expand its capabilities.
- Using funds: Money from the Fund will be aimed at rebuilding infrastructure, supporting economy and development of strategic sectors of Ukraine.
- Fund's share terms: No part of the Fund can be sold or transferred without mutual consent of both parties, which ensures control over the use of resources. ratified by the Verkhovna Rada of Ukraine. After that, the working groups of the US and Ukraine will develop the final text of the Fund Agreement, which will determine the detailed mechanisms of its functioning. Investing in strategic sectors will not only restore destroyed infrastructure, but also strengthen energy independence, develop a mining industry and attract new investments. Recall that we wrote earlier that Ukraine and the United States have reached the final stage of negotiations Concerning the Agreement governing mineral production in the Ukrainian territory.