Absolutely despicable for the US to be extorting Ukraine at this moment. And we all know Trump will backstab Ukraine as soon as his boss Putin instructs him to. What a disaster
gaypenisdicksucker69 on
So now Ukraine is going to get American support? Right?
Right?
FASHionadmins on
I am going to copy a comment from u/John_Maynard_Gains for the people that don’t get Ukraine pings.
Full ownership and control remain with Ukraine. All resources on our territory and in territorial waters belong to Ukraine.
Equal partnership. The Fund is structured on a 50/50 basis. It will be jointly managed by Ukraine and the United States. Neither side will hold a dominant vote — a reflection of equal partnership between our two nations.
National assets are protected. The Agreement does not alter privatization processes or the management of state-owned companies — they will remain Ukrainian. Companies such as Ukrnafta and Energoatom will stay in state ownership.
No debt. The Agreement includes no provisions regarding any Ukrainian debt obligations to the United States.
The Agreement complies with the Constitution and maintains Ukraine’s European integration course. It is consistent with national legislation and does not conflict with any of Ukraine’s international obligations.
The Fund will be financed exclusively from NEW licenses. Specifically, 50% of the revenues from new licenses in the field of critical materials, oil, and gas — generated after the Fund is created — will be directed to it.
Legislative changes will be limited and targeted. Only amendments to the Budget Code are required for the Fund to operate.
The United States will help attract additional investment and technology. The Fund is supported by the U.S. government through the DFC agency.
The Agreement provides tax guarantees. Fund revenues and contributions will not be taxed in either the United States or Ukraine
How will the fund work?
>The United States will contribute to the Fund. In addition to direct financial contributions, it may also provide NEW assistance — for example, air defense systems for Ukraine.
>
>
>Ukraine will contribute 50% of state budget revenues from NEW rent on NEW licenses for NEW areas. Ukraine may also make additional contributions beyond this baseline if it chooses. This is cooperation designed to last for decades.
>
>
>The Fund will then invest in extraction projects for critical materials, oil, and gas — as well as in related infrastructure and processing. Specific investment projects will be selected jointly by Ukraine and the US. Importantly, the Fund may invest exclusively in Ukraine.
>
>
>We expect that for the first 10 years, Fund profits and revenues will not be distributed, but instead reinvested into Ukraine — into new projects or reconstruction. These terms will be subject to further discussion.
Signal-Pollution-601 on
If the next US administration is not terrible, they’ll release Ukraine from this deal and offer to renegotiate something from scratch (if Ukraine wants the help with extraction, etc.).
4 Comments
Absolutely despicable for the US to be extorting Ukraine at this moment. And we all know Trump will backstab Ukraine as soon as his boss Putin instructs him to. What a disaster
So now Ukraine is going to get American support? Right?
Right?
I am going to copy a comment from u/John_Maynard_Gains for the people that don’t get Ukraine pings.
[Ukraine’s first deputy Prime Minister confirms she signed the minerals deal](https://xcancel.com/Svyrydenko_Y/status/1917695985507053772?t=WsERHsRt2eX8i8jk0iFAOw&s=19)
Key provisions in her words:
Full ownership and control remain with Ukraine. All resources on our territory and in territorial waters belong to Ukraine.
Equal partnership. The Fund is structured on a 50/50 basis. It will be jointly managed by Ukraine and the United States. Neither side will hold a dominant vote — a reflection of equal partnership between our two nations.
National assets are protected. The Agreement does not alter privatization processes or the management of state-owned companies — they will remain Ukrainian. Companies such as Ukrnafta and Energoatom will stay in state ownership.
No debt. The Agreement includes no provisions regarding any Ukrainian debt obligations to the United States.
The Agreement complies with the Constitution and maintains Ukraine’s European integration course. It is consistent with national legislation and does not conflict with any of Ukraine’s international obligations.
The Fund will be financed exclusively from NEW licenses. Specifically, 50% of the revenues from new licenses in the field of critical materials, oil, and gas — generated after the Fund is created — will be directed to it.
Legislative changes will be limited and targeted. Only amendments to the Budget Code are required for the Fund to operate.
The United States will help attract additional investment and technology. The Fund is supported by the U.S. government through the DFC agency.
The Agreement provides tax guarantees. Fund revenues and contributions will not be taxed in either the United States or Ukraine
How will the fund work?
>The United States will contribute to the Fund. In addition to direct financial contributions, it may also provide NEW assistance — for example, air defense systems for Ukraine.
>
>
>Ukraine will contribute 50% of state budget revenues from NEW rent on NEW licenses for NEW areas. Ukraine may also make additional contributions beyond this baseline if it chooses. This is cooperation designed to last for decades.
>
>
>The Fund will then invest in extraction projects for critical materials, oil, and gas — as well as in related infrastructure and processing. Specific investment projects will be selected jointly by Ukraine and the US. Importantly, the Fund may invest exclusively in Ukraine.
>
>
>We expect that for the first 10 years, Fund profits and revenues will not be distributed, but instead reinvested into Ukraine — into new projects or reconstruction. These terms will be subject to further discussion.
If the next US administration is not terrible, they’ll release Ukraine from this deal and offer to renegotiate something from scratch (if Ukraine wants the help with extraction, etc.).