Proposed US-Ukraine Agreement: key points
The agreement between the US and Ukraine provides for the creation of a commercial fund in which the US will have 100% financial interest, and Ukraine will allocate funds to it.
This is stated in the text of the agreement, current as of the evening of February 21, which is at the disposal of the EP.
The document is to be signed by Ukrainian Foreign Minister Andriy Sybiga and US Secretary of State Marco Rubio.
✔️According to the draft agreement, Ukraine and the United States are creating a commercial reconstruction investment fund, in which the United States will retain 100% financial interest. Ukraine and the United States will jointly manage it.
The Fund is expected to help increase foreign direct investment in Ukraine by at least two times for every dollar invested . The goal is to return Ukraine's GDP to the level of the end of 2021.
✔️The Investment Fund will receive 50% of revenues from Ukrainian mineral and oil and gas resources (mined from actual costs) for reinvestment in the Ukrainian economy (mining and processing infrastructure, ports, etc.).
In addition, the draft agreement provides for the redirection of revenues from other Ukrainian sources, which will be determined by the governments of Ukraine and the United States.
Revenues from facilities that were occupied by Russia at the time of signing the agreement may exceed 50% in the event of de-occupation.
✔️Contributions of Ukrainian revenues to the fund will continue until the amount agreed upon by the governments is reached.
All non-credit US financial assistance that will arrive in Ukraine after the signing of the agreement will increase the threshold for contributions from Ukrainian revenues .
✔️The US, according to the text, intends to make a financial commitment to assist Ukraine in an amount to be determined separately.
The fund agreement will not contradict Ukraine's other international obligations, as well as future integration into the EU or other associations.
Ukraine and the United States commit to immediately begin developing a separate agreement that will determine the details of the future Fund.
The Ministry of Economy will be responsible for preparing the future agreement on the Ukrainian side.
Source: https://epravda.com.ua/svit/ukrajina-otrimala-tekst-ugodi-pro-nadra-803576/