The U.S.-Ukraine agreement on critical minerals is a framework deal, and further work will be done on the Investment Reconstruction Fund Treaty, which will require ratification by the Ukrainian Parliament.
This was stated by President of Ukraine Volodymyr Zelensky during a press briefing, Ukrinform reports.
“It is too early to talk about money in the final agreement with the U.S. This is a framework agreement. Ukraine will allocate funds to the Fund (Investment Reconstruction Fund) from new revenues, but for now, there is nothing to reimburse or contribute. That’s because there is no final treaty on the Fund yet. That agreement will be more complex and serious, covering partnerships, finances, and obligations. Unlike the current deal, the next treaty will require ratification by the Ukrainian Parliament. I am not sure about the U.S. Congress as our partners have not yet addressed this,” Zelensky stated.
As reported by Ukrinform, Ukrainian Prime Minister Denys Shmyhal confirmed that the U.S. and Ukraine have drafted a document titled “Agreement on Establishing Rules and Conditions of the Investment Fund for the Reconstruction of Ukraine.”
The Fund will invest in Ukraine’s recovery, with a focus on critical infrastructure and security.
Source: Final U.S.-Ukraine minerals agreement framework deal – Zelensky
