U.S. President Donald Trump's administration and Ukraine plan to sign the much-debated minerals deal following a disastrous Oval Office meeting.
About US-Ukraine Mineral Deal:
The US-Ukraine Mineral Deal is a bilateral agreement aimed at providing the United States access to Ukraine's vast mineral reserves, particularly critical raw materials.
The deal establishes a joint Reconstruction Investment Fund, managed equally by Kyiv and Washington, to support Ukraine's post-war rebuilding efforts.
Ukraine will contribute 50% of future revenues from its state-owned mineral resources, oil, and gas to the fund, which will then be reinvested in projects within Ukraine.
The agreement aims to strengthen economic ties between the two nations and help the United States diversify its critical minerals supply chain, reducing dependence on China.
However, the deal does not include explicit security guarantees for Ukraine, focusing primarily on economic cooperation and resource development.
Ukraine Mineral Reserves:
Ukraine possesses significant reserves of rare-earth minerals essential for various high-tech industries, including aerospace, defence, and renewable energy.
According to data from the Ukrainian geologic survey, Ukraine possesses 5% of the world’s mineral resources, including 23 of the 50 materials deemed critical by the U.S. government.
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