U.S. and Ukraine resume talks on natural resources deal

The United States and Ukraine have resumed discussions on a cooperation agreement in the field of natural resources, The New York Times reports, citing a draft version of the document.

According to the updated agreement, Ukraine commits to allocating 50% of its revenues from natural resource projects into an investment fund controlled by the United States.

Moreover, the terms of the deal have become significantly stricter: Washington will claim all profits from the fund until Ukraine repays the full amount of U.S. military and financial assistance—plus 4% annual interest.

It is also noted that the new draft of the agreement contains no mention of security guarantees for Ukraine.

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