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US pushes for expansive new deal to control Ukraine’s minerals and energy


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In the United States, Ukraine is pressing for a new agreement to control critical minerals and energy resources, while Kiev has not been guaranteed any protection in the aggressive expansion of its previous claims.

The new draft agreement sent to Kiev on Sunday and an early joint economic agreement seen by the Financial Times, is part of Russia’s Ukraine attack last month and as part of an attempt to restore military support of several billion dollars.

Ukrainian senior officials say the proposal can reduce the sovereignty of their country, deepening the dependence on Washington on the route on the way abroad.

The draft agreement has been identified as a dramatic growing of Ukraine’s profitable natural resources in the Trump administration because it pressures to end conflict.

This applies to all minerals, including oil and gas throughout the Ukrainian region.

Washington claims that Ukraine and the United States will set up a monitoring board to monitor a joint investment fund to divide income from oil, gas and mineral projects between the two countries.

Three of the five board members in the United States will appoint three, giving Washington full veto power on the fund.

US Treasury Secretary Scott Besent told Fox News on Wednesday that the deal could be signed with the next week.

However, the three Ukrainian senior officials told FT that there was less likely to happen. One said that the new US draft proposal was “unfair”, another compared it to “robbery”.

The third officer said that it was brought to help the government to examine the document as well as preparing a counter-opener to a team of legal advisers.

The Ukrainians have expressed frustration because of Trump’s growing pressure and will have to compromise to protect the ceasefire and chronic peace, even showing no sign of stopping its attack.

In Paris on Thursday, Zensky said that the US deal was “continuous” by changing the terms of the deal. However, he added that he did not want Washington to think that Kiev was against the agreement.

The new proposal of the Trump administration will exceed the previous structure agreement on the joint development of Ukraine’s mineral resources agreed last month by Kiev and Washington.

The agreement, which could establish a fund where Ukraine contributed 50 percent of the future to the mineral resources, never signed after a catastrophic Oval Office meeting between Trump and Ukraine President Vloadimire Jelnsk.

Under the new proposal, the projects under the fund will be operated by the Ukrainian government itself, as well as the organizations approved by Kiev or state -owned companies.

The agreement includes infrastructure associated with the exploitation of natural resources such as roads, railways, pipelines, ports and processing plants.

The funds generated under the latest proposal will be transformed directly into foreign currency and will move abroad and Ukraine will be responsible for compensation for delays or disputes.

Prior to Ukraine in the United States, 4 percent of the premiums will receive royalty from funds and retain the veto power on the sale of third party in the resource as well as the priority over infrastructure projects.

Although the agreement does not include Ukraine’s nuclear power infrastructure provision – President Donald Trump’s last week published a controversial idea – Ukrainian officials are warned that nuclear resources may still be on the table in the future.

An official familiar with the matter said the nuclear issue was raised in the previous discussion but was deliberately excluded from this repeat of the proposal.

The US Foreign Office did not immediately respond to any request to comment. Earlier in the week, a spokesman for the Treasury said of the extended proposal: “The United States of America is committed to the rapid conclusion of this important agreement and is committed to achieving lasting peace for both Ukraine and Russia.”

Additional Report of James Polyty and Guy Chazan



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