Ukraine agrees minerals deal with US
www.ft.com
Kyiv hopes agreement on jointly exploring resources will improve relations with Trump administration

Kyiv has agreed terms with Washington on a minerals deal that Ukrainian officials hope will improve relations with the Trump administration and pave the way for a long-term US security commitment.

Ukrainian officials say Kyiv is now ready to sign the agreement on jointly developing its mineral resources, including oil and gas, after the US dropped demands for a right to $500bn in potential revenue from exploiting the resources.

The officials argued that they had negotiated far more favourable terms and depicted the deal as a way of broadening the relationship with the US to shore up Ukraine’s prospects after three years of war.

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  • PugJesus@lemmy.worldEnglish
    0·
    3 months ago

    Ukrainian officials say Kyiv is now ready to sign the agreement on jointly developing its mineral resources, including oil and gas, after the US dropped demands for a right to $500bn in potential revenue from exploiting the resources.

    … then what, exactly, remains in the deal?

    Ukrainian officials added that the deal was just a “framework agreement” and that no revenues would change hands until the fund was in place, allowing them time to iron out any potential disagreements. Among the outstanding issues is to agree the jurisdiction of the agreement.

    I can’t help but still feel this is a bad idea.

    • breakfastmtn@lemmy.caOPEnglish
      0·
      3 months ago

      I can’t help but still feel this is a bad idea.

      Totally. But Ukraine’s in an impossible situation. The US running a protection racket is fucking disgusting.