The Cabinet approved an agreement with the USA regarding the creation of an Investment Recovery Fund: 6 key points.
The Ukrainian government has approved an agreement with the United States regarding the use of mineral resources
The Cabinet of Ministers of Ukraine approved an agreement with the United States of America on cooperation in the field of mineral resource utilization. According to the agreement, the investment fund being created, which will be jointly managed by both countries, will be engaged in the recovery of Ukraine.
Ukrainian subsoil and resources will remain under the ownership of Ukraine
The agreement stipulates that Ukrainian subsoil and resources will remain under the control of Ukraine and will not be transferred to the USA or other parties. Ukraine will contribute 50% of future revenues from its natural resource assets to the Fund, while the USA will contribute money and other assets for the restoration of the country.
The Fund's resources will be invested in Ukraine's recovery projects
The funds collected by the Fund will be directed towards investing in projects for the recovery of Ukraine. The agreement also takes into account Ukraine's obligations within the framework of the euro-integration process.
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