Washington’s revised proposal offers joint investment in Ukrainian oil, gas, and minerals, splitting revenue between the two nations. This draft, containing both new and previously rejected provisions, has been officially received by Kyiv. The European Commission will evaluate the agreement’s implications for its relationship with Ukraine, particularly concerning Ukraine’s EU accession negotiations, once a finalized version is available. Concerns exist regarding potential preferential treatment for American companies.
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Negotiations between the US and Ukraine regarding rare earth minerals have stalled due to disagreements over the terms. Ukraine finds the draft deal unacceptable, viewing it as unfairly extracting resources from a war-torn nation without sufficient security guarantees in return. The US aims to reduce reliance on China for critical minerals, while Ukraine seeks robust protection against future Russian aggression. Despite intense US pressure, Ukraine continues to seek amendments to ensure reciprocal commitments.
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Negotiations between Ukraine and the US regarding a subsoil resources agreement remain unresolved. A Ukrainian source indicates President Zelenskyy is unwilling to sign the current draft due to several unspecified problematic issues. The proposed agreement, intended to aid in ending the war with Russia, is viewed by Ukraine as lacking a true partnership, containing only unilateral Ukrainian commitments. This stalled agreement follows overnight negotiations and conflicting statements regarding its imminent signing.
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John Q. Hosedrinker