Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
Investing.com -- The United States is advancing a bid to control all significant future infrastructure and mineral investments in Ukraine, a move that could potentially provide the US with veto power over Kyiv’s other allies and hinder Ukraine’s efforts to join the European Union.
The Trump administration is seeking the "right of first offer" on investments in all infrastructure and natural resources projects in Ukraine, as per a revised partnership agreement draft obtained by Bloomberg News. This agreement, if accepted, would grant the US extraordinary power to regulate investments in Ukrainian projects, including roads and railways, ports, mines, oil and gas, and extraction of critical minerals.
The proposed agreement represents a potential expansion of US economic influence in Ukraine, the largest country in Europe by area, at a time when Ukraine is attempting to align with the EU. The deal would provide the US with the first claim on profits transferred into a special reconstruction investment fund, which would be under Washington’s control.
The document reveals that the US sees the "material and financial benefits" provided to Ukraine since Russia’s full-scale invasion in February 2022 as its contribution to this fund. This would effectively require Ukraine to repay all US military and economic support provided since the war’s inception before Kyiv could receive any income from the partnership fund.
Discussions between the two countries continue, and the final draft may contain revisions to the terms.
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