New version of minerals agreement includes provisions on revenues from occupied territories in case of their liberation

Volodymyr Zelenskyy and Donald Trump. Photo: DW

A new draft US minerals agreement provides for the distribution of revenues from resources in the liberated territories of Ukraine.

This was reported by The New York Times, citing a new version of the document.

It is noted that 66% of mineral revenues in the de-occupied territories will be allocated to a special fund. In which the United States will receive a 100 per cent financial stake. Ukraine will have to contribute to this fund until its volume reaches $500 billion.

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According to the newspaper, Washington is offering Ukraine to give up half of its revenues from mineral, gas and oil production, as well as part of the profits from ports and other infrastructure. These conditions were also contained in the previous version of the agreement of 14 February.

In addition, the updated draft states that the United States may reinvest part of the revenues in the post-war reconstruction of Ukraine, in particular by investing in the development of the country's subsoil and infrastructure.

As reported earlier, the administration of US President Donald Trump sent Ukraine an updated version of the mining agreement, which takes into account some of Kyiv's comments.

Earlier, Donald Trump said that he would like to conclude a deal under which Ukraine would supply the US with rare earth minerals needed for electronics production in exchange for US aid.

However, German Chancellor Olaf Scholz criticised Donald Trump's proposal to provide Ukraine with military assistance in exchange for its minerals.

Subsequently, US President Donald Trump said that Ukraine had agreed to provide Washington with access to rare earth minerals worth $500 billion.

It should be noted, however, that Ukrainian President Volodymyr Zelenskyy refused to sign the agreement on granting the US access to rare earth minerals. The White House called this decision «short-sighted».

Volodymyr Zelenskyy said that the US might consider investing in mining on the Black Sea shelf, which is currently under Russian occupation.

However, Donald Trump later stated that he intended to renew the agreement with Ukraine on rare earth minerals.

US National Security Adviser Mike Volz called on Kyiv «to tone it down» and sign the mining agreement, which President Volodymyr Zelenskyy had previously rejected.