Under the auspices of this deal, a new limited partnership called the “United States-Ukraine Reconstruction Investment Fund” and registered in Delaware would be handed “the right of first refusal” on all current and future natural resource and infrastructure projects in Ukraine.
The enterprises the US set its sights on include “economic projects across metals, oil, gas, and other natural resources, as well as infrastructure projects including ports and pipelines.”
The profits from these projects would go into this fund whose board of directors is supposed to be comprised of three US and two Ukrainian representatives.
All projects managed by the fund would also have to refrain from exporting “critical minerals” to countries deemed as “strategic competitors of the US.”
The money accrued by the fund is meant to serve as repayment for all the assistance the United States rendered to Ukraine.
Ukrainian leadership is unlikely to accept these terms, the WSJ warns, as it would essentially amount to Ukraine giving up its “economic sovereignty.”