The Ukrainian Parliament has approved the recent signed mineral transaction with the administration of US President Donald Trump, which some consider to be controversial.
The majority of the contract was supported by the vast majority of legislators after some precautions had been added to the significant additional offers that both parties still seal.
Ukrainian legislator Greenlights reconstruction and minerals deal with us
Members of the Verkhovna Trail of the Ukrainian Parliament gave Washington a nod to a so-called mineral deal, which allows the US to use the National Eastern European Natural Resources and recovery of billions of dollars worth of wartime help.
Thursday vote supported the Ratification of the US ECONPRANCE Agreement with the US 338 Deputy Ukrainian Deputy, Unian News Agency Agency reportedTo. The confirmation came after a fierce debate during which the opposition criticized moving.
The decision paves the way to establish a reconstruction investment fund in Ukraine attacked by war, which is filled with equally and managed by both governments. Money should result from mining and energy revenue as well as foreign investment.
Ratification creates legal grounds for the implementation of a bilateral contract signed on April 30. The transaction was concluded after long -term negotiations and failed first attempt after collision between Trump and his Ukrainian colleague in the White House in late February.
I am grateful to everyone in our team who dealt with the US economic partnership agreement, and for everyone who supported it. I would like to thank all 338 parliamentary members who voted in favor of the contract. I expect the Ratification Act to be submitted…
– Volodymyr zelenskyy / володимимим зеленсий (@zelenskyyua) May 8, 2025
In April, President Volodymyr Zelenskyy increased the opposition pressure to inform legislators about legislators' negotiations on minerals dealing with the US and the peace process with Russia, the latter being Trump's priorities.
The Kiivi government announced that it had submitted a ratification agreement on May 1, shortly after the signing of the US Treasury Secretary Scott Besent and Ukraine's first Prime Minister Yulia Svyrydenko.
Agreement covers all Ukrainian territories, including the occupied land of Russia
The transaction provides the US's preferred access to Ukrainian natural resources, not just rare land metals, as originally discussed. Half of all new income from Ukrainian minerals goes into a common investment fund.
Yulia Svyrydenko emphasized in a statement that the contract reflects the constitutional principles of Ukraine and clarified:
“Owner and control over the subsoil will remain with Ukraine, all our land and territorial resources belong to Ukraine, and national property is protected.”
He added that Ukraine submits investment projects that allow him to comply with his economic priorities. Kyivi's official also emphasized that the contract takes into account Ukrainian courses for joining the European Union and his obligations in this regard.
Svyrydenko demanded that the shares of the reconstruction investment fund are equally divided between Ukraine and the United States and that a clear mechanism is applied to distribute the income created.
The Ukrainian Parliament has ratified the Agreement of the Historical Economic Partnership in Ukraine and the United States.
This document is not just a legal construct – it is the basis of a new strategic partner. pic.twitter.com/pikmg1guvu
– Yulia svyrydenko (@vvyrydenko_y) May 8, 2025
In the meantime, Deputy Minister of Economic Affairs Taras Kachka pointed out that the mineral transaction does not divide Ukraine's land into occupied and unused territories, noting that both sides have not yet discussed where the fund is operating.
Two other technical transactions mentioned throughout the basic contract have still been signed to determine who intends to manage the investment fund and decide how and when to spend their income, in the Politico report.
Ukrainian legislators have complained that the executive refused to reveal the contracts to which the government responded through a spokesman, explaining that the transactions were not yet ready. Finally, the trail explained its bill that ratification of the main socutore would mean automatic approval of future technical transactions.
Cryptopolitan Academy: Soon – a new way to earn a passive income with a defi in 2025. For more information
