Economic partnership will protect the Ukrainian people and the US taxpayer

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Author is the US Treasury Secretary

President Donald Trump has revealed a lot about the economic partnership proposed to his Ukrainian equivalent, Vloadimir’s Jelnsky, but there is a lot about it that is wrong or just a common mistake. So, I welcome this opportunity to clear how this partnership benefits both our countries.

Without the support of the United States and American people, the position of Ukraine today will be dangerous. The US support has enabled a historic tihassic and heroic defense by Ukrainian people, and as a result, we are now on the doorstep of a peace agreement for Ukraine and renewing stability in Europe.

As it was previously reported, Gelnsky proposed to give a part of the rare earth elements and critical minerals in Ukraine at the Trump Tower visit in September. In other words, it is the Ukrainian president who proposed economic partnership with the first President Trump to share the future, both nations.

We know that the economic future of Ukraine in peace can be more prosperous than any other point in the history of the nation and will ensure its prosperity with Americans. President Zelansky recognized it and President Trump did so. Keeping these issues in mind, I traveled to Kiev on my first international tour as the Secretary of the Treasury, which showed our long-term promise to a free and protected Ukraine-a deal focused on turbocharging the country’s economic growth.

This partnership will support the United States’s continued promise to the people of Ukraine as well as lay the basis for a strong reconstruction of the Ukrainian economy. Although property prices may be agitated, the Ukrainian Debt is trading in the news and indicates that Ukraine’s creditors and financial markets appreciate the benefits of economic partnerships.

Ukrainian people have shown incredible courage and elasticity. They are worthy of enjoying the benefits of the freedom they have fought so heroicly. Ukraine is rich in natural resources and other national resources that can drive its post -war economic growth, but only if its government and people are equipped with adequate capital, skills and proper incentive.

Our partnership conditions suggest that the Ukraine government has been assigned to a fund that focuses on the long -term restructuring and development of Ukraine from natural resources, infrastructure and other resources where investment will be invested in the United States in the United States in the future. This structure and relationship brings high quality of transparency, accountability, corporate administration and high quality of legal structure to attract strong private investment to Ukraine’s continuous growth.

As a result of US involvement, corruption and internal agreement will not leave any place. When I was in Kiev, I met many American companies who have been on the ground in Ukraine for years. And I have talked to many others who are ready to support the Ukrainian economy through justice and lasting peace. The terms of this partnership will combine American talent, capital and high quality and administration to accelerate Ukraine’s recovery, and will send a clear message to Russia that the United States is invested in a long -term and prosperous Ukraine.

The United States is a durable and long -term partner of this relationship. Money from future revenue streams will be re -invested in the original sector by focusing on unlocking Ukraine’s more growing resources. The terms of this agreement will further ensure that countries that do not contribute to the defense of Ukraine’s sovereignty will not be able to benefit from its restructuring or these investments.

America was always creative in search of ways to best support its partners. In 1942, the United States and the United Kingdom agreed to promote the “mutual convenient economic relations between them and the improvement of global economic relations” on the basis of the exchanges on the basis of rights in the Caribbean region. This forward-thinking provision has helped to lay the financial basis for the experienced unprecedented economic growth in the last 6 years.

In a similar vein, President Trump’s innovative method presents a new model for productive international partnership. Let’s be clear what it is not. The United States will not own Ukraine’s physical assets. Or it will not be sadling Ukraine with more debt. This kind of economic pressure, even though it is deployed by other world actors, will not have to move forward in American or Ukrainian interests. In order to make more prices in the long term, the United States will have to invest in the Ukraine as well as both sides to be encouraged to achieve as much as possible.

Poland, a close neighbor of Ukraine, has shown what is possible. Through appropriate economic policies and diverse economy, Poland has been part of an interesting trade and investment for the United States. Since 1992, Poland’s economy is three times higher in real GDP terms and its citizens’ per capita income is seven times higher than today. Poland provides a clear preview of what Ukraine can achieve as a result of structural reforms, infrastructure investment, attracting foreign investment and development of skilled workers. Its strategic location, diligent population and natural resources are a powerful basis for the aspirations of Ukrainian people.

President Trump’s proposed partnership combines the interest of American people with the people of Ukraine. The President has recognized that national security is built in addition to economic protection, and the more successful and secure Ukraine, the more Ukrainian people and the people of the United States will benefit. This economic partnership will lay the foundation of a sustainable peace by sending a clear signal about the sovereignty of the future of Ukraine and the success of the United States to the US people, the people of Ukraine and the Russian government.