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 12 (Xinhua) — Ukrainian President Volodymyr Zelensky has signed a bill on ratification of the minerals agreement with the United States, according to the bill’s card, updated on Monday by the Verkhovna Rada press service.
The agreement was signed on April 30 in Washington. 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 subsoil resources to the fund. Washington must also make contributions in cash or new military aid to Ukraine.
On May 8, the agreement was approved by the Verkhovna Rada. The document is expected to enter into force after an exchange of notes between Kiev and Washington that each side has completed its internal procedures. –0–