Washington: In exchange for support in the war against Russia, US President Donald Trump has demanded Ukraine to hand over its oil, gas and rare mineral metals. This has been revealed in the leaked documents. The draft submitted by America for the mineral deal shows that America will retain control over Ukraine's natural resources and major infrastructure until Kiev repays its war debt of about $100 billion. It will have to repay this debt with 4 percent interest.
America will become the owner of Ukraine
According to the report of the British newspaper Telegraph, America has been given many rights in the proposed conditions. Under this, Washington can also stop Ukraine from selling its resources to Europe or China. Atlantic Council energy law expert Alan Riley said, 'This is an acquisition document. There is no guarantee in it, there is no defense clause. America has nothing attached. Americans can back out, Ukrainians cannot.' He said, 'I have never seen anything like this before.'
America will get all the royalties
Under the new agreement, until Kiev repays the $100 billion loan with 4 percent interest, America will get all the royalties from Ukraine's assets. After that, Kiev will be given only 50 percent royalty. In return, Ukraine will not be given any guarantee of protection from Russian aggression. The report also said that Trump's negotiators were discussing the restarting of the Nord Stream gas pipeline with people associated with the Kremlin.
Washington's full control
Under the new proposals, all of Ukraine's mineral and energy assets and related infrastructure, such as ports, railways, roads and production facilities - will be placed under the control of a US-Ukraine Reconstruction Investment Fund based in Delaware. The US will select three of the five board members of the new fund, giving Washington full veto power over resource sales to any third party.
Ukraine will be responsible for compensation
Bloomberg's report said Washington will have the right of first proposal on investments in all infrastructure and natural resource projects. At the same time, Ukraine will be prevented from interfering in the day-to-day management of the fund. According to the Financial Times, profits from the fund will be converted directly into foreign currency and Ukraine will be held liable for compensation in the event of delays or disputes. Three Ukrainian officials have said that the deal is unlikely to be signed until next week. One called the new US draft proposal unfair, while another called it robbery.
