- Nov 18, 2018
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Ukraine will retain full control over its national resources and state-owned enterprises will remain state property, the country said in an outline of the agreement.
The U.S. will contribute to the fund through direct payments or through new military assistance, according to the outline. Ukraine will contribute 50% of future revenue with royalties from newly issued licenses for critical minerals, oil and gas exploration.
Kyiv wanted to ensure the deal did not factor in past U.S. military aid, which Ukraine said Wednesday was included in the deal.
“The agreement focuses on future, not past, U.S. military assistance,” a Ukrainian fact sheet said.
The U.S. will contribute to the fund through direct payments or through new military assistance, according to the outline. Ukraine will contribute 50% of future revenue with royalties from newly issued licenses for critical minerals, oil and gas exploration.
Kyiv wanted to ensure the deal did not factor in past U.S. military aid, which Ukraine said Wednesday was included in the deal.
“The agreement focuses on future, not past, U.S. military assistance,” a Ukrainian fact sheet said.