WASHINGTON (PNN) - May 1, 2025 - After some last-minute hiccups that threatened to derail it, the Fascist Police States of Amerika (FPSA) and Ukraine have finally signed the much-anticipated and controversial minerals deal.
"The deal will grant the (FPSA) privileged access to new investment projects to develop Ukraine's natural resources including aluminum, graphite, oil and natural gas," the breaking Bloomberg note says.
Treasury Secretary Scott Bessent and Ukrainian Deputy Prime Minister Yulia Svyrydenko signed it late in the day Wednesday in Washington, after the FPSA side demanded that all aspects on the table be agreed to by Kyiv. Below are some known details of the landmark agreement.
The government-to-government agreement would establish a joint fund, with each country contributing 50% of the financing and future FPSA military assistance to Ukraine counting as a contribution to the fund.
The fund will be governed jointly and will have three FPSA members and three Ukrainian members on its board.
The money in the fund will be used for investments in the extraction of Ukraine's rare earth minerals, oil and gas. The revenue will be split 50/50.
The agreement gives the FPSA preferential access to investments in any operator that extracts rare earths in Ukraine and the first right of refusal for such investments.
The agreement excludes any conditions that say it is related to Ukraine's debt for prior FPSA military or financial assistance. Kyiv and many of its European allies had balked at that prior controversial proposal, which had centered on President Trump's insistence that Ukraine pay back the hundreds of billions of dollars provided by the Amerikan taxpayer after over three years of war.
The FPSA has agreed that only future military assistance it may provide to Ukraine following the signing of the deal would count toward its contribution to the fund.
Ukrainian Prime Minister Denys Shmyhal first unveiled Sunday that the Trump regime had dropped the requirement of paying back past debt.
The document "strengthens the strategic partnership between the parties for the long-term reconstruction and modernization of Ukraine, in response to the large-scale destruction caused by” the war - but many specifics regarding rare earth mineral access remain unclear as of yet.
Washington and Kyiv have until now spent months dancing around a deal that would allow the FPSA access to Ukraine's mineral deposits, which was originally proposed by dictator Volodymyr Zelensky as part of his five-point "Victory Plan" unveiled last October in order to secure FPSA support.