Ukrainian Minister announces significant progress in minerals deal with US
Photo: Yuliia Svyrydenko, Minister of Economy of Ukraine (Vitalii Nosach, RBC-Ukraine)
The government has announced significant progress in negotiations with the United States on a minerals deal. This includes the creation of a fund to invest in Ukraine's recovery, states Vice Prime Minister and Minister of Economy Yuliia Svyrydenko.
Ukraine and the United States have agreed on the next step toward economic partnership and the creation of a special investment fund for the recovery of Ukraine’s economy.
“Our technical teams have worked thoroughly together on the agreement – there has been significant progress. The lawyers emphasized the right points in the draft agreement. Thanks to the negotiators on both sides,” she noted.
According to her, the parties agreed to formalize the progress in a special memorandum of understanding, which is expected to be signed in the near future. Its provisions will form the basis for the final agreement.
Svyrydenko emphasized that the agreement will undergo ratification in the Verkhovna Rada and will create opportunities for increased investment, economic development, and cooperation between Ukraine and the United States.
“The teams will continue working on specific provisions of the agreement. Much has already been worked out, and the level of the agreement is expected to be quite high,” the minister added.
On March 25, President Volodymyr Zelenskyy announced that Washington had proposed a new minerals deal to Ukraine. The head of state said the new document is a full-fledged agreement that will require ratification by the Rada.
On April 4, Deputy Head of the Office of the President Andrii Sybiha stated that Ukraine is currently undergoing internal state procedures regarding the minerals deal.
