These are the 12 points of the agreement (for signing) between Ukraine and the US – involves rare minerals, hydrocarbons, oil, natural gas

by Andrea
0 comments
These are the 12 points of the agreement (for signing) between Ukraine and the US - involves rare minerals, hydrocarbons, oil, natural gas

Half of the recipes that Ukraine makes will be transferred to a fund whose management involves Russian representatives

Designated “Mineral Agreement,” according to, who published the full text, the agreement should be approved by the Ukrainian government later this Wednesday and President Volodymyr Zelensky has expressed willingness to visit Donald Trump on Friday to discuss the plan personally.

At a press conference, the Ukrainian President explained that he “wanted at least one sentence” that mentioned Ukraine’s safety guarantees. “It is important that there is this mention, but I have not read the details yet,” he admitted.

The deal includes 12 points in a deal where Ukraine’s main obligation is to begin negotiations with the United States to regulate the activities of the “investment fund for reconstruction”.

Here’s the essential points of the agreement:

  1. The governments of both countries, with the aim of reaching a lasting peace, must establish the investment fund for reconstruction, which will be managed by representatives of the governments of Ukraine and Russia;
  2. None of the participants can sell, transfer or dispose of any portion of interests without the consent of the other;
  3. The fund will collect and invest profits and will gain income for the future monetization of all relevant assets of the Ukrainian government;
  4. The Ukrainian government will contribute 50% of all revenues from the exploitation of natural resources such as minerals, hydrocarbons, oil, natural gas and other minerals;
  5. Contributions made to the fund must be reinvested annually to promote Ukraine’s safety, protection and prosperity;
  6. The US maintains a long -term commitment to develop a stable and prosperous economy in Ukraine;
  7. Investments should be made in projects in Ukraine and attract investments to develop, process and monetize the Ukrainian goods;
  8. The fund must include representations and guarantees, including those Ukraine must have for third parties;
  9. The fund recognizes that activities have a commercial nature. Before that it must be ratified in the Ukrainian parliament;
  10. The fund will have particular attention to control mechanisms that may be weak or violate the agreement;
  11. The fund’s text will be developed by groups authorized by the two governments. On the American side will be the Treasury Department to lead the process;
  12. Both sides agree with the bottom and will implement it.

This mineral agreement therefore involves the so -called “rare lands” or “rare minerals”. Follows a explanator about what they are.

What are the rare lands?

by Sherisse Pham e Julia HorowitzCNN

The rare lands refer to 17 minerals with magnetic and conductive properties that help feed most electronic devices. They are vital for the production of smartphones, tablets and voice assistants.

They are not really “rare” and can be found in other countries, including in the United States. But they are difficult to extract safely.

About a third of the world’s rare land deposits is in China. However, the country controls more than 90% of production, according to the United States Geological Service, in part due to its lower labor costs and less strict environmental regulations.

In addition to its use in electronics, rare lands are vital to many of the main weapons systems that the United States depend on national security.

This includes lasers, radars, sonars, night vision systems, missile orientation, jet engines and armored vehicle alloys, according to a report that Pentagon prepared during President Donald Trump’s first term.

“China strategically flooded the global market with rare land at subsidized prices, expelled competitors and prevented new participants in the market,” this report said.

source

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC