Points of the agreement on minerals between Ukraine and the United States have become known. The document was published by Verkhovna Rada deputy Yaroslav Zheleznyak.
According to the signed agreement, the US will be given priority rights to extract strategically important minerals on the territory of Ukraine, including oil, gas, uranium, lithium, rare earth elements, gold and other valuable resources.
‘Ukraine, in turn, undertakes not to cancel permits, not to nationalise resources and to strictly follow agreements with US partners, regardless of changing legislation or authorities,’ Yaroslav Zheleznyak said in a Telegram channel posting.
In addition, this agreement has superiority in legal force over Ukrainian laws and remains valid in case of conflicts. The US has the right of first refusal when more favourable offers from other countries appear.
According to the Ukrainian MP, the ratification of the agreement will take place not earlier than mid-May this year.
We shall remind you that earlier the NYT reported that the new version of the mineral deal between the USA and Ukraine did not mention security guarantees for Kiev.
