Ukraine’s $15 Trillion Rare Mineral Reserves: A Look at Their Value and US Interest
The United States and Ukraine are currently in negotiations regarding a significant agreement that would see Ukraine transferring 50 percent of its income from critical minerals, oil, natural gas, and ports to a common investment fund. This fund would be used to invest in various projects within Ukraine.
While the negotiations are ongoing, it has been reported that Ukraine has agreed, in principle, to transfer half of the income from its state-owned mine resources to this investment fund for future commercialization. This agreement forms part of a larger economic development plan that the United States has committed to supporting.
Previously, there were reports of the US demanding $500 billion from Ukraine’s resources, a demand that was rejected by Ukrainian President Volodymyr Zelensky. However, negotiations have progressed, with Ukrainian officials aiming to finalize the agreement by February 24, coinciding with the third anniversary of the war.
Ukraine boasts one of the largest critical mineral deposits in Europe, with rare earth elements such as lanthanum, cerium, erbium, and yttrium being vital for various technological applications. The total value of Ukraine’s mineral resources is estimated to exceed $15 trillion.
As the negotiations continue, Zelensky is expected to visit Washington on Friday to meet with US President Donald Trump and sign the agreement. However, further discussions are needed to address security guarantees for US companies operating in Ukraine, as well as the financing agreements between the two nations.
Overall, this agreement signifies a significant step towards economic development and investment in Ukraine, leveraging its valuable mineral resources for growth and prosperity in the country.
