Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Kyiv, May 9 /Xinhua/ — The Verkhovna Rada on Thursday ratified a minerals agreement with the United States, which provides for the creation of an investment fund for the restoration of Ukraine. The corresponding decision was supported by 338 deputies with the required minimum of 226 votes, the Ukrinform agency reported.
The agreement will enter into force after an exchange of notes between Kiev and Washington stating that each side has completed internal procedures.
First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko, whose words are quoted by Interfax-Ukraine, expressed hope that the investment fund will begin to function fully within a few weeks. However, for its launch, at least two agreements need to be finalized at the technical level, which will not require either government approval or parliamentary ratification.
Ukraine and the United States signed an agreement on mineral resources on April 30. It provides for the creation of an investment fund for the restoration of Ukraine. Official Kyiv will contribute 50 percent of the state budget revenues from new licenses for the right to use mineral resources to the fund. Washington must also make contributions in cash or new military aid to Ukraine. –0–