https://en.sputniknews.africa/20250223/us-to-tighten-fossil-deal-with-ukraine-demands-full-control-of-future-fund-reports-say-1070789802.html
US to Tighten Fossil Deal With Ukraine, Demands Full Control of Future Fund, Reports Say
US to Tighten Fossil Deal With Ukraine, Demands Full Control of Future Fund, Reports Say
Sputnik Africa
MOSCOW (Sputnik) - The US will toughen the terms of the agreement with Ukraine on fossil fuels, demanding 100% control over the future fund, Ukrainian... 23.02.2025, Sputnik Africa
2025-02-23T09:04+0100
2025-02-23T09:04+0100
2025-02-23T09:04+0100
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They were cited as saying that on Friday Kiev received a new version of the agreement regarding the use of Ukraine's natural resources from its US partners; however, the new version was tougher than the first one, which was brought to Kiev by US Treasury Secretary Scott Bessent. The new draft proposes 100% US ownership of the future fund and distributing the sides' contributions to the fund in a 2-to-1 ratio, where the Ukrainian side contributes two-thirds with future production revenues and the US side contributes one-third, which it has already provided in the form of weapons, the report read. The US reportedly proposes a $500 billion fund, but Ukraine wants to renegotiate the amount. The new draft covers not only minerals but also gas and oil, while future revenues from ports are not part of the deal, the newspaper said. On February 3, US President Donald Trump said that the US expected Ukraine to provide access to its rare earths in return for financial and military assistance. On February 14, the Washington Post reported that US negotiators suggested at the meeting with Zelensky in Munich that he sign a document that would transfer the rights to 50% of Ukraine's yet-to-be-extracted mineral resources to the US. Zelensky said he had rejected the deal, arguing it was not in Ukraine's interest.
https://en.sputniknews.africa/20250223/ukraine-itself-proposed-us-share-in-natural-resources-treasury-secretary-says-1070789104.html
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donald trump, united states (us), ukraine, kiev, us treasury, volodymyr zelensky, international, gas, oil, weapon, weapon deliveries, economy, north america, agreement, resources, minerals
US to Tighten Fossil Deal With Ukraine, Demands Full Control of Future Fund, Reports Say
MOSCOW (Sputnik) - The US will toughen the terms of the agreement with Ukraine on fossil fuels, demanding 100% control over the future fund, Ukrainian newspaper New Voice reported on Saturday, citing sources who are directly drafting a new version of the agreement.
They were cited as saying that on Friday Kiev received a new version of the agreement regarding the use of
Ukraine's natural resources from its US partners; however, the new version was tougher than the first one, which was brought to Kiev by US Treasury Secretary Scott Bessent.
The new draft proposes 100% US ownership of the future fund and distributing the sides' contributions to the fund in a 2-to-1 ratio, where the Ukrainian side contributes two-thirds with future production revenues and the US side contributes one-third, which it has already provided in the form of weapons, the report read. The US reportedly proposes a $500 billion fund, but Ukraine wants to renegotiate the amount.
The new draft covers not only minerals but also
gas and oil, while future revenues from ports are not part of the deal, the newspaper said.
On February 3, US President Donald Trump said that the US expected Ukraine to provide access to its rare earths in return for financial and military assistance. On February 14, the Washington Post reported that US negotiators suggested at the meeting with Zelensky in Munich that he sign a document that would transfer the rights to 50% of Ukraine's yet-to-be-extracted mineral resources to the US. Zelensky said he had rejected the deal, arguing it was not in Ukraine's interest.
