Ukraine and US to launch new round of talks on minerals deal on 24 April

A new stage of negotiations on minerals will begin in the United States on 24 April. Currently, technical issues and wording related to the operation of the future investment fund are being worked out. Source: Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, as reported by the Ukrinform news agency

Quote: "On Thursday 24 April, a new round of negotiations will begin. We are currently working in parallel with our legal team and the American one, trying to resolve many technical issues to narrow them down to the most sensitive ones that will require a political decision." 

Details: Kachka noted that the constructiveness of the negotiations will determine whether the agreement itself will be ready by 26 April. "We are ready to demonstrate maximum efficiency, but the full volume of documents comprises dozens of pages," he explained.

Kachka said that the recognition of the aid already provided by the United States as a debt is not being discussed.

Quote: "The point is that the United States, as one of the partners, will earn at least as much from the activities of this fund [the joint investment fund - ed.] as the aid provided."  Details: Kachka added that Ukraine will also be able to profit from future investments. The agreement on the establishment of the joint investment fund will be concluded between a Ukrainian state-owned company and the US International Development Finance Corporation.

Background:

• On 17 April, Ukraine and the United States signed a memorandum confirming their intention to finalise and conclude a deal that will be beneficial to both nations.
• Ukraine's Ministry of Economy published the text of a memorandum with the US on the completion of the official agreement on economic partnership and investment fund for the reconstruction of Ukraine.

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