Minerals Agreement. Possible text of agreement between US and Ukraine appears on network

Professor of Law and Doctor of Law, Member of Parliament of the 7th and 8th convocations Leonid Yemets has published a document and claims that this is the text of the agreement between the U.S. and Ukraine on minerals.

Yemets wrote about this on his Facebook page on Wednesday, February 26.

According to Yemets, the document entitled "Bilateral Agreement on Establishing the Rules and Conditions of the Investment Fund for the Reconstruction of Ukraine" is the agreement that Ukraine and the U.S. are to sign. The politician described the brief content of the document, which he published on the social network and called a "memorandum".

Ukraine and the U.S. have signed an agreement on the Investment Fund.

• An Investment Fund is being created under the joint management of the governments of Ukraine and the U.S..
• The fund will collect and reinvest income from the monetization of state natural resources of Ukraine.
• Ukraine will transfer 50% of the proceeds from the future monetization of minerals, oil, gas and other strategic infrastructure to the Fund.
• The funds will be reinvested in Ukraine at least once a year to strengthen security, development and prosperity.
• We are talking about extractive resources, LNG terminals, ports and other strategic infrastructure.

"There is a text of the agreement on the minerals agreement. Rather, a memorandum of intent. But this is normal, because neither the President nor the Cabinet can sign such an agreement. A separate decision of the Verkhovna Rada will be required here," Yemets wrote.

As the Ukrainian News agency earlier reported, on February 26, Prime Minister Denys Shmyhal stated that the agreement between Ukraine and the U.S. on minerals has been prepared and is directly tied to security guarantees for Ukraine.

On February 26, President Volodymyr Zelenskyy said that Ukraine and the United States were "very close" to signing a minerals agreement.

On February 23, U.S. Treasury Secretary Scott Bessent said that as part of the agreement on United States access to Ukrainian rare earth minerals, the United States would not become the owner of physical assets in Ukraine.