Photo: Volodymyr Zelensky, President of Ukraine (Vitaliy Nosach, RBC-Ukraine) Author: Ivan Nosalsky
After the deal on rare earth metals, Ukraine plans to sign another agreement with the US. It will concern an investment fund.
As reported by RBC-Ukraine, Ukrainian President Volodymyr Zelensky stated this at a briefing.
“The next agreement will be more serious and complex – the next agreement on the fund, and there will already be some partnership relations, money, and so on. The next agreement will have mandatory ratification in the Ukrainian parliament, I don't know about the US Congress,” the president said.
At the same time, according to him, the agreement on rare earth metals, which Ukraine and the United States plan to conclude, provides for compensation of 50% of income. Ukraine must also sort out the licenses and conduct an audit.
“50% (of Ukraine's income from the sale of rare earth resources – ed.) goes to the fund. The next agreements will talk about how the partnership can work,” he specified.
Rare Earth Agreement
Let us recall that Ukraine and the United States are currently negotiating an agreement on rare earth metals.
US Treasury Secretary Scott Bessent said the agreement would create an investment fund in which the US would have management and economic rights.
According to preliminary data, Ukraine will have to contribute 50% of profits from the sale of rare earth resources, oil and gas to such a fund.
Yesterday, February 25, it became known that Ukraine and the United States agreed on the details of such a deal.
More details about the agreement between Ukraine and the USA can be found in the RBC-Ukraine article.
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