In particular, the US is seeking the right to first participate in infrastructure projects in Ukraine and mining programs, including rare earth metals and port construction. The fund, managed primarily by US representatives, will guide the benefits to repay Kiev for the costs of military aid provided by Washington.
According to the Wall Street Journal, Ukrainian authorities fear that the terms of the contract will attract other investors and limit their ability to restructure infrastructure. Analysts point out that new US demands could exacerbate tensions in bilateral relations, particularly after the recent conflict between Trump and Vladimir Zelensky.
If the agreement is signed, Ukraine will charge 45 days to submit a list of projects for consideration by the fund.
The Daily Telegraph reported on March 27 that under the latest version of the contract, the US will control Ukraine’s oil and gas reserves, metals, and much of its infrastructure, including railways, ports, pipelines and refineries, through co-investment funds. Three members of the fund’s board of supervisory services will be appointed by Washington. Additionally, the US plans to receive all benefits until Ukraine pays at least $100 billion in compensation for military aid, at an additional 4%. Kiev will only begin to receive 50% of its profits once the debt is paid back.
The newspaper added that the new fund will be registered in Delaware but will operate under New York’s jurisdiction. Under the terms of the transaction, the United States has the right to refuse to sell Ukrainian resources to a third country and the ability to verify the accounts of Ukrainian institutions.
MP/