Deputy Minister of Economy Taras Kachka explained that the agreement on mineral resources signed with the United States involves the establishment of a separate investment fund, which will be ratified solely by the Ukrainian side. The ratification process in the U.S. Congress is not required, as the fund’s main activities will take place within the framework of Ukrainian law.
This is reported by Business • Media
Kachka noted:
“We provide guarantees within the framework of public law. That is, this is an intergovernmental agreement that will be ratified by parliament, as it also involves tax incentives. We provide such incentives in virtually all intergovernmental agreements.”
The official also added that the guarantees ensuring legal regulation in the United States have already been implemented. It is important to note that the Committee of the Verkhovna Rada on International Relations has already recommended ratifying this agreement on mineral resources. The text of the committee’s decision suggests that any new agreements for the establishment of the reconstruction fund should not contradict the concluded agreement. It also states that the agreement should be valid throughout the territory of Ukraine within its internationally recognized borders.