Stock Ticker

Axios: U.S.-Ukraine minerals deal nears completion:

Axios is reporting that a deal with US and Ukraine is close:

  • U.S.-Ukraine Minerals Agreement: Nearing a deal worth hundreds of billions of dollars, focused on economic investment and Ukraine’s sovereignty.

  • U.S. Perspective: Trump administration sees it as a way to recoup U.S. investment in Ukraine.

  • Ukraine’s View: Officials hope the deal will stabilize relations with the U.S. and ensure long-term support.

  • Reconstruction Investment Fund:

    • Co-managed by the U.S. and Ukraine.
    • Designed to attract investments in infrastructure, mining, and ports.
    • Allows the U.S. to recoup expenditures related to Ukraine’s defense and recovery.
  • Zelensky’s Position:

    • Rejected initial U.S. demand for $500 billion from Ukraine’s minerals.
    • Insists that aid should not be considered debt.
    • Wants U.S. military support included in the agreement.
  • Financial Terms:

    • Ukraine must contribute double the U.S. investment to the fund.
    • 50% of revenues from extractable materials (minerals, oil, gas) will be allocated to the fund.
  • Key Omission: The draft does not specify any U.S. military commitment to Ukraine’s defense.

This article was written by Greg Michalowski at www.forexlive.com.

Source link

Get RawNews Daily

Stay informed with our RawNews daily newsletter email

Alysa Liu Receives Key to Oakland During Star-Studded Gold Medal Celebration

US, EU and Japan advance critical minerals trade deal with price floor plan

Window Company Wants Donna Kelce as Spokesperson Amid Renovation Popularity

Poor US decision-making process underestimated Iran’s willingness to disrupt Hormuz