Ukrainian President Voldymir Zelensky reported on Wednesday “good progress” in negotiations on mineral rights trade between Ukraine and the United States.
“The basic laws are almost complete and when everything moves quickly and constructively, the agreement will have economic consequences for our country,” Zelensky said. I said In his daily speech to the people of Ukraine.
Zelensky’s remarks reflected the assessment given by Economy Minister Julia Swillidenko, who said “significant progress” was made in the transaction.
Watch – Are US refunds secured for Ukrainian aid? ! Trump announces historic mineral trade:
According to Swillidenko, the Ukrainian negotiator “adjusted some items within the draft contract.” If the US is satisfied with these adjustments, it can immediately sign the intent of the memorandum.
US Treasury Secretary Scott Bescent I said On Monday, the deal “can even be signed the same way this week.”
“We’re very close,” he said.
The deal has begun, according to Wednesday’s Bloomberg News Move America soon contributed to its war effort as the Trump administration was able to complete the process after “slacking off that demand” in order to repay the enormous amounts.
The Trump team did not abandon its demand entirely, but expanding the Ukraine amount estimate would require repayments from $300 billion to around $100 billion. This has significantly reduced the gap in Ukraine’s own estimate of $90 billion.
The transaction on this table reportedly put Ukrainian mineral profits in a “reconstruction investment fund.” The US will take control of its funds and will first charge for mineral profits until Ukraine’s war debt is paid back.
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Ukrainians strongly dislike the idea of portraying US military aid as “war debt” that Kiev needs to pay back. Ukrainians also oppose Trump’s idea of dealing with military aid and financial aid provided by the United States to help the United States contribute to the recovery fund.
The Bloomberg news quoted a Ukrainian official who said one reason to dislike the concept of “war debt” could thwart Ukrainian ambitions to join the European Union (EU) by giving the US priority repayment considerations.
“The provisions are so broad that if enforced, it would be virtually impossible to meet the EU regulations on competition, single markets, public procurement and transparency, which are essential criteria for Ukraine to become a member state.” It’s attracting attention.
Ukrainian Prime Minister Dennis Schmichal said on Wednesday that EU membership was a “red line” for his government, so any deals that could hinder him from joining Ukraine were not accepted.
