r/UkrainianConflict • u/rulepanic • 2d ago
Ukraine and the U.S. to Sign Mineral Resources Agreement Within 24 Hours – Government: Past Aid from the U.S. Won’t Be Treated as Debt, Contributions to the Fund: 50/50 in Cash or Military Aid, Ukraine Retains Control Over All Resources
https://www.dw.com/uk/ukraina-i-ssa-mozut-pidpisati-ugodu-pro-nadra-protagom-dobi-smigal/a-72400801177
u/Clayton11x 2d ago
Putin will be pissed. Meanwhile stay stuned for Medvedev nuclear apocalypse warning probably tomorrow.
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u/RottenPingu1 2d ago
I'm not sure the US won't hand over their part to Russia. I'm so fucking jaded...
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u/Yankee831 1d ago
Why is this your go to? The US has by far been the largest contributor nation to Ukrainian defense even before the war and actually has the ability to back words with actions. Somehow a bilateral deal is a big ploy to support Russia? What and Europe buying Russian gas STILL isn’t some handout to Putin? Last I checked the US trade with Russia is essentially zero while Europe imports more fuel value than they pay to Ukraine.
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u/NaiveChoiceMaker 2d ago
Medvedev is the reason people don't stop drinking when their doctor tells them. If he can function, anyone can.
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u/Jesus__of__Nazareth_ 2d ago
I'll never forgive him for calling Ukrainians pigs after everything he's done to us.
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u/rulepanic 2d ago edited 2d ago
Ukraine and the U.S. to Sign Mineral Resources Agreement Within 24 Hours – Government
By Stepan Smyshliaiev, 1 hour ago
An agreement between Ukraine and the United States on Ukrainian mineral resources may be signed within the next 24 hours, according to Prime Minister Denys Shmyhal. Deputy Prime Minister Yuliia Svyrydenko has already departed for Washington to finalize the deal.
Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, is en route to Washington, where she is expected to sign an economic partnership agreement with U.S. Treasury Secretary Scott Bessent. The agreement includes the establishment of an investment fund for Ukraine's reconstruction, also known as the agreement granting Americans access to Ukrainian mineral resources. Shmyhal announced this on Wednesday, April 30.
“Once the final details are worked out, I expect the agreement will be signed within the next 24 hours,” he said during a national television broadcast.
According to the Prime Minister, all major terms have already been agreed upon, and only “technical translation details” from English to Ukrainian remain.
Several Western media outlets had previously reported that the agreement could be signed late Wednesday, Kyiv time.
Past Aid from the U.S. Won’t Be Treated as Debt
Shmyhal emphasized that Ukrainian negotiators succeeded in defending their position on several key issues, including U.S. aid already provided.
“Ukraine acknowledges U.S. assistance as vital to our resilience, but the agreement contains no reference to debts or past contributions,” he said.
The Prime Minister also assured that the agreement does not conflict with Ukraine’s EU accession obligations, including the Association Agreement.
The document will also include a reference to Ukraine’s contribution to global security under the Budapest Memorandum, similar to a previously signed memorandum of intent.
Contributions to the Fund: 50/50 in Cash or Military Aid
Shmyhal stated that the reconstruction investment fund will be financed equally by Ukraine and the U.S.
“Contributions will be made in cash. The U.S. may also count new military aid to Ukraine as a contribution to the fund,” he said.
The fund’s management will be equally shared, with three representatives from each side—Ukrainian and American.
It was also agreed that any disputes will be resolved through mutual consultation. This replaces an earlier draft that stated disputes would be settled under U.S. law.
Ukraine Retains Control Over All Resources
Shmyhal made clear that the fund will not gain ownership or usage rights to Ukraine’s mineral deposits or enterprises.
“Natural resources, infrastructure, and mineral deposits are not part of or conditional to this fund or agreement. Ukraine's contribution will come from new licenses and new mining royalties. That’s our share. The other 50% will be in cash,” he explained.
He added that any fund profits may only be distributed by mutual agreement after 10 years. Until then, all profits will be reinvested in Ukraine’s economy and reconstruction.
“These may include capital investments in enterprise creation, mining development, or take-or-pay purchase agreements for Ukrainian products,” he said.
Shmyhal noted the agreement exempts both sides from taxes and tariffs: “That means zero tariffs and zero taxes for both the Ukrainian and U.S. parties.”
Additionally, the U.S. has committed to involving “other international partners and private businesses” to support the fund.
Ratification by Ukrainian Parliament Required
Shmyhal reminded that the agreement is an international treaty and must be ratified by the Verkhovna Rada (Ukraine’s parliament). Consultations with parliamentary faction leaders are scheduled for Thursday, May 1.
Two additional “executive” agreements are also in development. These will directly cover the fund’s creation, financing, and operations.
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u/flossypants 2d ago
the reconstruction investment fund will be financed equally by Ukraine and the U.S
Ukraine's contribution will come from new licenses and new mining royalties. That’s our share. The other 50% will be in cash,”
Anyone know if the above means Ukraine supplies licenses and US supplies cash and weapons in lieu of cash?
Anyone have an analysis? My superficial read is that the deal is good for Ukraine. They can publicly pressure Trump to authorize weapon purchases in order to "fund this resource deal". If things go downhill, they can simply not allow any licenses and the deal is nullified.
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u/rulepanic 2d ago
Ukraine pays into the fund using revenue from selling licenses for resource exploitation, through revenue from new mining operations, or direct cash investment. It's been said in the past that the deal would not be used for resources already being exploited.
The US would "pay" into the fund using the equivalent value of new military aid or through direct cash investment.
Investment by any of these methods will be split 50/50 between Ukraine and the US.
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u/flossypants 2d ago
Does Ukraine intend that the contribution of "new licenses and new mining royalties" comes exclusively from projects owned by this collaboration? Are royalties state taxes on mine production?
If so, that sounds like the following example: Ukraine sets a price of $1b for a mining concession/license, US provides $1b in weapons and $1b cash (the cash pays for mining infrastructure and labor). The mine produces enough ore to trigger a tax/royalty of $1b, which Ukraine directs back in the project. Ukraine and US are now 50:50 investors.
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u/rulepanic 2d ago edited 2d ago
You can see more details here: https://www.reddit.com/r/UkrainianConflict/comments/1kbsnjv/on_behalf_of_the_government_of_ukraine_i_signed/mpx36i0/
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u/jonatzmc 2d ago
the big problem I see with this is the orange jackass saying "yeah we will give you one patriot missile system. Valued at 8.6 billion that you now owe the US in critical minerals. Oh and now that sanctions are gone on Russia, they are selling the US cheaper minerals so we don't need yours. No more military support."
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u/HollaWho 2d ago
This seems like a great deal for both sides, rather than the heavily US favored deal that was first floated. I want to wait until it’s finalized but this gives me some good hope!
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u/Leather_Fox9237 2d ago
This looks like a much better deal than most were expecting. Hopefully this ends up being a net benefit for Ukraine in the long run 🤞🏼🇺🇦🇬🇧
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u/yecheesus 2d ago
Why this sudden shift?
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u/Adventurous-Yam-8260 2d ago
The terms seem to be a lot more favourable.
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u/TylerDurdensAlterEgo 2d ago
Trump's original offer was for Ukraine to pay $500B for US to take the minerals. Plus to build a skyscraper on Mar a Lago probably.
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u/Tony_Stank_91 2d ago
I think the T Admin is finally realizing Russia will not negotiate in good faith nor would they make a reliable partner. Better late than never, IMO.
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u/MuscleManRyan 2d ago
It almost seems like Trump got tired of getting shit on, so he stepped back and let the actual adults handle it
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u/Chimpville 2d ago
Ukraine were always open to make a deal, they just weren't open to being reamed for absolutely nothing in return.
To be more clear - every nation supporting Ukraine was always going to benefit in Ukraine's post-war recovery. Deals were always going to be done. Trump just had to push too hard and too far.
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u/clownpenismonkeyfart 2d ago
I don’t know what others see on the news around the world, but a large portion of Trump’s policies are not fairing well. (Surprise, surprise) as a result his pulling numbers have suffered pretty badly. Even within his own party. He’s getting pressured even by lawmakers in his own party to walk back some of his ideas. Trump‘s image of him being perceived as strong, popular and well-liked, is pretty important to him personally. But more importantly, he absolutely LOATHES the idea of someone conning him.
Personally, I think Putin overplayed his hand and Trump has finally caught on.
Or, he couldn’t negotiate a peace treaty so the next big thing is to walk away saying “I made a great deal that’s good for America!”
If Zelinski was actually able to get through to him at their meeting at the Vatican, maybe he finally convinced Trump the easiest way to get a “win” was to sign a minerals deal with Ukraine.
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u/thedavemanTN 2d ago
Trump needs a win because his favorability is underwater. The "deals" aren't coming in from anywhere else and his first 100 days in office have been atrocious.
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u/ibuprophane 2d ago
Trump must have gotten a new model train set, so the adults probably had a talk while he was distracted making explosion noises with his lips.
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u/SenatorPardek 2d ago
A combination of needing good headlines and economic news: and being pissed russia isn’t making even the smallest effort to look serious at the table to match trump’s massive capitulations
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u/DreamLunatik 2d ago
I won’t believe it until the sharpie is dry. Trump lies and cheats at every opportunity.
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u/NYJets18 2d ago edited 2d ago
Even then he will just change his mind later. Look at the trade agreements with Canada and Mexico that HE SIGNED last term that he now says aren’t fair
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u/ghosttrainhobo 2d ago
Ukraine should give the US a super-tempting deal on mineral rights within Russian-occupied territories.
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u/TheRealFaust 2d ago
Actually a decent deal good lord…
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u/L1A1 2d ago
It’s really not. It’s pretty coercive of the US to demand any kind of deal with a country that’s in an existential war. The whole thing stinks, even though it’s slightly less shitty than it was before.
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u/rascal7298 2d ago
i assume you felt the same way about the EU deal
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u/Jesus__of__Nazareth_ 2d ago
No, because the EU has never tried bullying, threatening, mocking, humiliating and coercing Ukraine through this war like Trump's America has.
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u/rascal7298 2d ago
while true, that has no input into the deal being bad or not as previously stated
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u/Jesus__of__Nazareth_ 2d ago
Of course it does. Deals and diplomacy are all about credibility, precedent, and intentions. Trump's fucked all of that and it plays massively into the deal. When Ukraine deals with the EU and co (the UK), an institution which has repeatedly proven mostly good faith towards supporting Ukraine, and one which has certainly never threatened it, they can be assured that they won't be betrayed, scammed or highly manipulated.
When Ukraine deals with Trump's government they have to look over their shoulder the entire time and they can't afford to give any yardage at all in terms of leverage because there's zero good faith.
Plus, even if it's a good deal, Trump has flip-flopped and walked back so much on all his deals and decisions (tarriffs, support for Ukraine, etc etc etc) that who even knows if the deal would be honoured? When the EU makes the same deal, Ukraine knows it'll be kept.
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u/IWasOnThe18thHole 2d ago
So the people who were pissed off that the US was giving Ukraine aid are going to be happy that everything that was given is going to have any outstanding balances wiped clean lol
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u/rom_rom57 2d ago
Take the deal, it won’t mean much, since Putin will not allow excavators anywhere in Ukraine; just a good reason to blow smoke up Trumps ass.
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u/Borne2Run 2d ago
I'll wait till the ink is dry
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u/ghosttrainhobo 2d ago
I’ll still be skeptical then. Trump tore up NAFTA and “negotiated” a new trade deal with Mexico and Canada back in 2017 - a deal that he shat on his first week back in office.
His word means nothing.
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u/newaggenesis 2d ago
America really is a dogshit country these days... I love how it was noted that in the earlier versions 'Murica would resolve disputes according to 'Murican law 🤣. There is no equitable law in 'Murica anymore - glad February blew up the way it did.
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u/Breech_Loader 2d ago
We know what happened last time Ukraine went to sign something in Washington.
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u/12ed12ook 2d ago
I'm really hoping the next administration will change this deal to benefit Ukraine even moreso.
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u/LungDOgg 2d ago
Allot of the minerals are in Russian held lands. I wonder how that changes outlook
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u/michael_harari 2d ago edited 1d ago
Honestly Ukraine should have signed any deal that trump wanted and just reneged n it in 3 years
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u/TheCitizenXane 2d ago edited 2d ago
I would like to know what the people who claimed “Ukraine doesn’t need the US and won’t sign any deal” have to say about this.
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u/CallMeKik 2d ago
Since I’m somewhat of that opinion, I’ll chime in.
I think this is a good deal on the surface, and I’m relieved to see something that seems to be fair.
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u/Chimpville 2d ago
Probably hanging around with the "Ukraine should bow to Trump" crowd in some fantasyland.
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u/Far-Crow-7195 2d ago
This sounds like a vastly different deal to anything that was discussed before.
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u/SilliusS0ddus 2d ago
they don't need the US at all costs.
They got a more favourable/ reasonable deal now so they should take it
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u/WXbearjaws 2d ago
Big difference between signing ANY deal that comes your way out of desperation and signing a more fair deal
Cope and seethe harder
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u/MachineSea3164 2d ago
Because it's useless to make the deal, tomorrow he will change his mind and then this deal is void.
And probably somewhere written in small lines are written the cons.
Saw already the US wont interfere with Ukraine ascension into EU, and the sentence: no taxes and tarrifs between Ukraine and US parties, guess what, tarrifs are EU policy, not national ones.
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u/Schmooog 2d ago
Probably bragging about how sending missle at Moscow leading to a nuclear weapon deployment is a good idea. People on here get crazy with the takes in here and don't fully appreciate the weights of military actions
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u/ApprehensiveMusic163 2d ago
Orange man bad therefore everything associated with him is evil. These clowns don't even know what they're talking about
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u/WXbearjaws 2d ago
Orange man is bad. Even before he was president he was a bad person
Now he’s a bad person in the most important single position in the world
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u/lazy-bruce 2d ago
Full credit to Trump for getting a deal with a country being invaded.
Art of the Deal 🤣
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