Oil and gas projects to be implemented first under subsoil deal — WSJ
Oil and gas projecs will be implemented first under subsoil deal because it will take a long time to extract precious metals, writes The Wall Street Journal.
But before the money starts flowing in, the deal must first be ratified by the Verkhovna Rada and a Reconstruction Investment Fund created. Only after that will Ukraine be able to attract investors. WSJ calls the signing of this deal a diplomatic victory for both Kyiv and US President Donald Trump. The latter will finally be able to state that Ukrainians are paying for US aid, and not just benefiting from their generosity.
"This deal could expand the capabilities of people inside the administration who want to support Ukraine," said Eric Green, former senior national security adviser to Russia under the Biden administration, adding that Trump could continue intelligence sharing with Ukraine to protect companies that will operate in our country.
Meanwhile, American officials admitted to the WSJ that US companies may not dare to make such investments. First of all, because of the threat of daily Russian bombing.
"But in the event of a peace agreement being signed, the returns could be large. Ukraine contains 20 of the 50 types of mineral raw materials considered critically important, including titanium, lithium and uranium," the publication emphasizes.
Recall that on the night of May 1, Ukraine and the United States signed an agreement on access to Ukraine's natural resources and the creation of the Reconstruction Investment Fund. It provides for: equal partnership, no debts to our state, protection of Ukrainian national property, attracting additional US investments, tax guarantees, and replenishing the fund with 50% of income from new licenses for projects in the field of critical materials, oil and gas.
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