First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko reported details about the work of the Investment Fund, which is planned to be created after the signing of the subsoil agreement with the United States.
She wrote about this on Facebook.
According to Svyrydenko, the United States will be able to replenish the fund both with financial contributions and by providing assistance in the form of, for example, air defense systems.
From the Ukrainian side, the fund will receive half of the state budget revenues from the new rent on licenses for the development of new subsoil areas. In addition, Ukraine will be able to make additional contributions at its own discretion.
Investments from the fund will be directed to projects related to the extraction of minerals, oil and gas, as well as the development of infrastructure and processing capacities. Funding priorities will be determined jointly by Ukraine and the United States.
"We expect that for the first 10 years, the profits and revenues of the fund will not be distributed, but can only be invested in Ukraine - in new projects or reconstruction. These conditions will be discussed additionally," Svyrydenko said.
Prime Minister Denys Shmyhal, commenting on the agreement before its signing, said that the resolution of potential disputes between the parties will be carried out through mutual consultations. Earlier, the draft agreement referred to judicial proceedings in the United States.
As the Ukrainian News agency earlier reported, Ukraine and the United States signed an agreement on minerals.
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