The final version of the agreement, dated February 24 and seen by the FT, would establish a fund into which Ukraine would contribute 50 per cent of proceeds from the “future monetisation” of state-owned mineral resources, including oil and gas, and associated logistics. The fund would invest in projects in Ukraine.
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However, the agreement omits any reference to US security guarantees which Kyiv had originally insisted on in return for agreeing to the deal. It also leaves crucial questions such as the size of the US stake in the fund and the terms of “joint ownership” deals to be hashed out in follow-up agreements.
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Ukrainian officials added that the deal was just a “framework agreement” and that no revenues would change hands until the fund was in place, allowing them time to iron out any potential disagreements. Among the outstanding issues is to agree the jurisdiction of the agreement.
Mirror: https://archive.is/2025.02.25-183836/https://www.ft.com/content/1890d104-1395-4393-a71d-d299aed448e6
“Ukraine set to sign a piece of paper that outlines the concept of a deal, maybe, in the future”, sounds like a whole bunch of nothing.
It kind of is but it’s also something in writing. Trump & co are a product of an era where the show is more important than everything else. What happened here is about as far as they did with Russia, just set up some framework for future talks. Pretending to know meaning and intention behind this kind of theatre is futile.
They probably just did it to stroke his ego. He can now say he made a great deal, and Ukraine is hoping that Trump won’t be so hostile anymore. The US government is a real clown show.