Friday, February 28, 2025

Ukraine Minerals Deal Could Be Trump's First Big Win—Or a Fiasco

 https://www.newsweek.com/ukraine-minerals-deal-trump-first-big-win-fiasco-failure-war-2037048

Donald Trump's plan to recoup U.S. funds spent on Ukraine's self-defense holds significant potential, but is accompanied by several contingencies, question marks and potential drawbacks.

The deal could mark the first major foreign policy win of the new administration—addressing Republican concerns about the costs of aiding Ukraine, while also providing a repayment mechanism that alleviates some of the political obstacles for future assistance.

The specific details of the agreement and plans for its execution remain scarce, and the deal faces several pitfalls before it can be declared a victory for the U.S. president.

According to a copy of the deal published by the Financial Times, in compensation for America's "significant financial and material support to Ukraine," the country will vest a share of its natural resources into a "Reconstruction Investment Fund," jointly owned and managed by the two nations.

Though the text of the deal does not put a price tag on how much will be placed in the fund by Ukraine, it states that Kyiv will contribute "50 percent of all revenues earned from the future monetization of all relevant Ukrainian Government-owned natural resource assets...defined as deposits of minerals, hydrocarbons, oil, natural gas, and other extractable materials, and other infrastructure relevant to natural resource assets (such as liquified natural gas terminals and port infrastructure)."

1 comment :

  1. Let's be honest: no matter how it turns out, you'll declare it to be a fiasco.

    ReplyDelete

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