Another Rada committee backs ratification of Ukraine-US minerals deal
Photo: Halyna Yanchenko (facebook.com/halyna.yanchenko)
The Committee on Economic Policy has approved the minerals deal between Ukraine and the United States. Its ratification provides for the creation of a joint investment fund, this was announced by Member of Parliament and head of the parliamentary commission on investor rights protection, Halyna Yanchenko.
"The Committee on Economic Policy approved the minerals deal between Ukraine and the United States ahead of the vote. The committee recommended supporting the agreement," Yanchenko wrote.
According to her, the ratification of the agreement will take place tomorrow.
Yesterday, the Verkhovna Rada Committee on Foreign Policy also supported the ratification of the minerals deal between Ukraine and the United States, both in principle and as a whole.
Minerals deal
Ukraine and the United States signed the minerals deal on May 1. It provides for the creation of an investment fund that will receive 50% of royalties, license fees, and other similar payments from natural resource extraction projects in Ukraine.
The agreement was signed on behalf of Ukraine by First Deputy Prime Minister Yuliia Svyrydenko and on behalf of the United States by Treasury Secretary Scott Bessent.
The agreement will not enter into force until it is ratified by the Verkhovna Rada. On May 2, the Cabinet of Ministers submitted the relevant draft law to parliament. Ratification is expected to take place on May 8.
