There’s a new draft of the U.S.-Ukraine minerals deal.
It’s a sharp break from the version agreed on the day talks collapsed in the Oval Office.
And it stuns with what Washington demands.
Zelensky didn’t comment, except saying nuclear plants are out of the deal.
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It’s a sharp break from the version agreed on the day talks collapsed in the Oval Office.
And it stuns with what Washington demands.
Zelensky didn’t comment, except saying nuclear plants are out of the deal.
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MP Zhelezniak claims the conditions are:
1. A joint U.S.-Ukraine investment fund Co-managed, but not equally. Five board members—three U.S., two Ukrainian. No decision without U.S. approval.
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1. A joint U.S.-Ukraine investment fund Co-managed, but not equally. Five board members—three U.S., two Ukrainian. No decision without U.S. approval.
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2. Who pays what
The U.S. says it’s already paid in—$100 billion since 2022. Ukraine must contribute future royalties and profits from gas, oil, minerals, and more. The agreement is open-ended.
Only the U.S. can walk away.
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The U.S. says it’s already paid in—$100 billion since 2022. Ukraine must contribute future royalties and profits from gas, oil, minerals, and more. The agreement is open-ended.
Only the U.S. can walk away.
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3. Who gets paid first
The U.S. gets its full “contribution” back—plus 4% annual interest. Ukraine sees no profit until that’s done.
The U.S. can pull money out freely. Ukraine cannot.
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The U.S. gets its full “contribution” back—plus 4% annual interest. Ukraine sees no profit until that’s done.
The U.S. can pull money out freely. Ukraine cannot.
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4. What Ukraine gives up
All resource revenues, public and private, across all territory—even occupied. Private firms like DTEK are not exempt.
Funds are to be converted into hard currency and wired abroad to an account controlled by the U.S.
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All resource revenues, public and private, across all territory—even occupied. Private firms like DTEK are not exempt.
Funds are to be converted into hard currency and wired abroad to an account controlled by the U.S.
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5. Who gets the minerals
The U.S. gets first rights to buy what’s extracted—state or private.
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The U.S. gets first rights to buy what’s extracted—state or private.
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6. Who builds what
All new infrastructure projects in Ukraine must be offered to the fund first. Only if the fund declines can other investors be considered.
Even private-sector initiatives may be bound by this, though the language is unclear.
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All new infrastructure projects in Ukraine must be offered to the fund first. Only if the fund declines can other investors be considered.
Even private-sector initiatives may be bound by this, though the language is unclear.
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7. What’s missing No security guarantees. No defense clause. Just resource control.
Zhelezniak says this isn’t a partnership. It’s full leverage and financial control of Ukraine.
7X
Zhelezniak says this isn’t a partnership. It’s full leverage and financial control of Ukraine.
7X
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