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Zelensky’s government is ready to sign the US minerals deal after the US dropped demands for a right to $500 billion in potential revenue, according to the FT.
The report has helped to lift the euro and boost broader sentiment.
he finalized agreement, reviewed by the FT, outlines the creation of a fund to which Ukraine would allocate 50% of the proceeds from the future monetization of state-owned mineral resources. The fund’s purpose would be to invest in projects within Ukraine.
Still, it doesn’t have any references to US security guarantees.
The deal will need to go through Ukraine’s parliament.
This article was originally published by Forexlive.com. Read the original article here.