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USA and Ukraine: Raw material contract under pressure - Selenskyj warns!
Ukraines President Selenskyj criticizes US agreements on raw material contracts. An agreement on rare earths is imminent.
USA and Ukraine: Raw material contract under pressure - Selenskyj warns!
The Ukrainian President Wolodymyr Selenskyj once again expressed his concerns about the constantly changing conditions of a planned raw material agreement with the USA. In current statements, Selenskyj emphasized that he does not want to give the impression that Ukraine was against the agreement and hope for a rapid agreement. Negotiations on the contract have been running for several weeks and in particular concern the exploitation of mineral resources in Ukraine, including rare earths, which are of central importance for various high-tech and military applications. OE24 reports that The Ukrainian president criticized the USA in this context.
The USA and Ukraine have agreed on a raw material agreement, but the exact details of the agreement are still unclear. Selenskyj confirmed that a final version of the agreement is prepared, which must be ratified by the Ukrainian parliament. The signing could take place on Friday in Washington between Selenskyj and US President Donald Trump. Selenskyj originally rejected a first draft of the agreement because he expressed concerns that the Ukraine would have to hand over large parts of its valuable raw materials. The original plan stipulated that Ukraine should deliver raw materials worth $ 500 billion in order to compensate for help for the war. Tagesschau informs that the USA now wants to have given in and want to set up a jointly managed reconstruction for Ukraine.
ingredients of the agreement
In the context of the new agreement, the future proceeds from the promotion of raw materials and infrastructure should flow into these funds. Ukraine is asked to bring in 50 percent of the proceeds from these areas. In addition to rare earths, the affected raw materials also include oil and gas that are to be promoted together. Another controversial topic is the security guarantees for Ukraine, which are not included in the current draft of the agreement, even though Selenskyj expressly requested it.Trump emphasizes the economic advantages of the agreement and emphasizes that Ukraine has numerous critical raw materials, including lithium and graphite. However, Ukraine is currently unable to operate commercially operated mines for rare earths. It is estimated that around 40 percent of Ukraine metal resources are already under Russian control. This situation has led Ukraine to rely on American weapons in the context of the Ukraine war. Deutschlandfunk reports that the planned agreement also includes the access of the USA to Ukrainian oil and gas and the income from raw material funding should flow into a bilateral investment fund.
for the EU there is a new challenge: Before the war, it had already closed a strategic partnership with Ukraine to secure access to rare earth in order to reduce the dependency on China. Now, however, she sees herself under pressure from the USA and is planning a special EU summit to react to the changes in Ukraine's US policy.