The new draft of the mineral resources deals between the United States and Ukraine, received by Kiev on March 23, contains Washington's much more aggressive demands for control over Ukraine's mineral resources and energy assets. At the same time, there are no security guarantees in the document. The Financial Times and the Bloomberg news agency wrote about this on Thursday, March 27. Both media outlets note that their editorial offices were able to review the draft deal.
It is specified that the agreement should apply to all mineral resources of Ukraine, including oil and gas, as well as key energy assets throughout the country. In addition, the deal covers infrastructure related to the exploitation of natural resources, such as roads and railways, pipelines, ports and processing plants, the FT has learned.
The funds received from the relevant projects should be converted into foreign currency and sent abroad, and Ukraine will be responsible for compensation in case of delays or disputes, according to the publication. The proceeds from Ukrainian oil, gas and mineral extraction projects will be divided between the two countries by a special investment fund.
According to the FT, the United States will be the first to receive the profits transferred to it and will retain priority rights to infrastructure projects, as well as the right to veto the sale of resources to third parties. dw.com.
Bloomberg clarifies that, according to the draft deal, the American Corporation for International Development Finance (DFC) should control the investment fund. She will appoint three of the five members of the board of directors and, having a "golden share", will have the right to block certain decisions. "Ukraine will appoint two others (members of the board of directors) and will not be able to interfere in the day-to-day management of the fund," the authors point out.