Ukrainian President Volodymyr Zensky reported on Wednesday “good progress” about negotiations for a mineral rights agreement between Ukraine and the United States.
“Basic legal things are almost finished, and then, in my thing it moves so quickly and constructively, the agreement will bring economic results to both attempts,” Zenskyy saying In his daily speech to the Ukrainian people.
Zensky’s comments echoed the evaluation given by the Minister of Economy, Yulia Svyrydenko, who said that “significant progress” has been achieved in the agreement.
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According to Svyrydenko, Ukrainian negotiators have “adjusted several articles within a draft agreement.” If the American side is satisfied with those adjustments, a memorandum or intention could be signed very soon.
United States Treasury Secretary Scott Besent saying On Monday, an agreement “could be signed as soon as this week.”
“We are very, very close,” he said.
According to Bloomberg News on Wednesday, the agreement began exciting Quickly towards the end after the Trump administration “mitigated its demands” for Ukraine to pay the enormous sums of money that the United States has contributed to its war effort.
The Trump team did not complete the abandonment of that demand, but reduced its estimate of the amount that Ukraine should pay for approximately $ 100 billion of $ 300 billion. This greatly reduced the gap with the estimate of Ukraine or $ 90 billion.
According to the reports, the agreement on the table would put the mineral profits of Ukraine in a “reconstruction investment fund”. The United States would control this financing and will have the first claim on mineral profits until the war of Ukraine war is reimbursed.
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Ukrainians do not like the idea of portraying US military aid as a “war debt” that kyiv must pay. The Ukrainians also oppose Trump’s idea to deal with military assistance and financial support provided by the United States as a contribution to the reconstruction fund, Becoaus kyiv wants to make strong additional donations to that fund.
Bloomberg News quoted Ukrainian officials who said that the reason why they do not like the concept of “war debt” is that giving considency of preferred reimbursement to the United States could power the ambition of Ukraine to unite the European Union (EU).
“The provisions are so expansive that, if they are enforced, it is virtual impossible for Ukraine noted.
The Ukrainian prime minister, Denys, Shmyhal, said Wednesday that the EU membership was a “red line” for his government, so no agreement was acceptable that could interfere with Ukraine to join the EU.