Mineral Agreement: Ukrainian Delegation to Discuss Revenue Share with Trump.

The Ukrainian delegation, composed of deputy ministers of economy and justice, plans to arrive in the United States on April 11-12 to conduct technical consultations with the administration of President Donald Trump. The main topic of the meeting is the agreement on mineral resources.

According to reports from Bloomberg, the Cabinet of Ministers of Ukraine has engaged an international law firm for consultations during the negotiation process.

The Ministry of Foreign Affairs of Ukraine has confirmed the upcoming visit of the delegation but has not disclosed any details regarding its contents. Bloomberg sources, who reported this, requested to remain anonymous.

This trip will be the first personal meeting concerning the agreement, which was previously sent by the American side. The first online consultation took place at the end of March.

Agreement on Minerals / Photo: NANANG SUGI | SHUTTERSTOCK

According to sources, the United States is offering Ukraine to transfer half of the future revenues from a significant portion of the Ukrainian economy as compensation for the assistance provided by the previous administration of President Biden.

Ukraine does not consider this assistance a debt and proposes to attract more American investments in profit distribution. Concerns are also expressed in Kyiv that granting excessive privileges to the U.S. may become an obstacle on the path to the EU.

It is also worth mentioning that Ukraine is investigating the leak of the mineral agreement with the U.S., and officials will be subject to polygraph testing.

Analysis:

The visit of the Ukrainian delegation to the U.S. for negotiations regarding the mineral resources agreement is an important step in the development of cooperation between the countries. Ukraine is trying to attract more investments while avoiding negative consequences for its path toward the European Union. The results of these negotiations will determine the future cooperation between Ukraine and the U.S. in the field of mineral resources.