Official: Ukraine seeks profit-sharing, security guarantees in new US agreement

Adviser to the Head of the Ukrainian presidential office Mykhailo Podolyak has said that Ukraine is now proposing additional provisions for profit-sharing from mineral extraction and foreign investments in its agreement with the US, alongside its previous demands for security guarantees.

Podolyak revealed these proposals during a Ukrainian TV marathon, Caliber.Az reports via Russian media.

He emphasised the importance of understanding the details surrounding investments, including their volume and the conditions under which they will flow into Ukraine.

"We need to know how we will develop these sectors and how the profits from these activities will be distributed," he said. "The key focus is how the profits will be divided between the participating countries." 

Podolyak noted that security guarantees remain another significant area of concern and stressed that these guarantees should be firmly included in the agreement with the US. "This is what the Ukrainian side is proposing," he noted.

In addition to economic terms, Podolyak underscored Ukraine’s desire to achieve higher returns from the agreement. 

Moreover, the advisor linked the negotiations over the minerals agreement to the resumption of US military aid programmes. He pointed out that while military aid programmes initiated during the Biden administration are still active, there have been no new programmes in place, and these need to be discussed. 

"We need to resume military aid supply programmes. These programmes are still functioning, but there is a need for new ones to be negotiated," he added. 

This development comes as Ukraine seeks to bolster its economic and military cooperation with the US in the ongoing effort to secure both financial and defence support during the war with Russia.

By Naila Huseynova