Ukraine and the US have struck a deal on the joint development of the country’s mineral resources through a “reconstruction investment fund”.
The agreement, dated February 25 and first obtained by the Financial Times, is a lot less onerous and sweeping than Washington’s initial proposal.
An earlier reference to a possible $500bn of revenues from mineral extraction has been dropped. Nor is there any explicit US guarantee of Ukrainian security that Kyiv wanted in return for sharing profits from its valuable natural resources.
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