Subsoil Agreement. Kellogg assessed the progress of negotiations
Category
Economics
Publication date

Subsoil Agreement. Kellogg assessed the progress of negotiations

Kyiv and Washington are still trying to reach an agreement
Source:  The Times

According to Keith Kellogg, the US President's Special Representative for Ukraine, the resumption of negotiations between Ukraine and the US on the minerals agreement is a positive signal.

Points of attention

  • The decision on the agreement's fate lies with the Verkhovna Rada of Ukraine, emphasizing the importance of strategic decision-making in this critical matter.
  • Keith Kellogg underscores the complexity of securing the agreement, highlighting the need for a comprehensive understanding of the process involved.

Kyiv and Washington are still trying to reach an agreement

As Keith Kellogg claims, relations between Ukraine and the United States have finally "got back on track."

This confirms the arrival of a technical team of Ukrainian officials in Washington to discuss a deal that aims to give America significant access to vast reserves of critical minerals in Ukraine.

Trump's special representative drew attention to the fact that American officials underestimated what was involved in securing this agreement.

It's not a simple "yes" or "no." People didn't really understand the process as well as they should have.

Keith Kellogg

Keith Kellogg

US President's Special Representative for Ukraine

Against this background, he also recalled that the final decision on this issue will be made by the Verkhovna Rada of Ukraine.

According to Kellogg, the White House is well aware that "no one knows" exactly what minerals are available in Ukraine and what their value is.

What is important to understand is that the last time geological exploration was conducted was during the Soviet Union.

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