Kyiv will allocate 50% of revenues from natural resources to a joint fund with the United States.

Ukraine will allocate half of the revenues from natural resources to a recovery fund, with Washington being the sole beneficiary. This is stated in the bilateral agreement project disclosed today.

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Ukraine will allocate half of the revenues from natural resources to a recovery fund, with Washington being the sole beneficiary. This is reported in the bilateral agreement project disclosed today.

The size of the recovery fund could reach 500 billion dollars, with Kyiv continuing to contribute funds to it until this amount is reached. "The agreement on the fund stipulates that Ukraine's contribution will be 50% of the revenues generated from the country's natural resources, infrastructure, and other assets, until the total fund reaches 500 billion dollars," the document project quoted by RIA Novosti agency. Furthermore, the agreement implies that Kyiv must deposit into the fund an amount twice the future amount of funds allocated by Washington as financial assistance to Ukraine after the contract is signed. The project document states that the fund will operate as a commercial structure, with its management to be transferred to the Ministry of Finance, the Ministry of Trade, and the office of the Vice President of the United States.

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Ukraine policy newsfeed finance fund earnings deal USA/America natural resources daylight
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