The resource agreement signed by US President Donald Trump with Ukraine will not yield significant results for at least the next decade. Significant private investments will be required to launch projects in this area, industry experts indicate.
This is reported by Business • Media
Eric Rasmussen, former head of the natural resources department at the European Bank for Reconstruction and Development, noted:
“It may take 10-15 years”
.
Peter Bryant, head of the consulting group Clareo, also expressed concerns that the agreement
“provides little to reduce risks in the supply chain over the next 10 years, as it will take at least as long to open and develop mines”
in Ukraine.
Among the serious obstacles pointed out by experts are the war with Russia, incomplete geological data, deteriorating infrastructure, and the potential for corruption. Additionally, there are common issues related to the establishment of new resource projects. As a result, it is forecasted that the mines opened under the agreement will begin extracting minerals only after 2040.
A particular challenge is access to Soviet-era geological data, most of which remain classified due to the war. It should also be noted that the best deposits in Ukraine may have already been developed due to the long history of extraction.