Almost half of Ukraine’s mineral deposits are occupied or already owned.

As of January 2025, Ukraine’s mineral and other resource deposits that are under occupation have a combined value that reaches 48% of all Ukrainian resources. According to expert estimates made in 2023, the value of minerals throughout Ukraine within its 1991 borders is $26T.

Currently in Ukraine more than 41 coal deposits (60% of reserves), nine oil deposits (11% of deposits), 27 areas with gas deposits (about 20% of all reserves), as well as 42% of metal deposits and 33% of rare earth metals and minerals are occupied. Thus, resources worth $12.5T are under occupation.

Moreover, most of Ukraine’s deposits of valuable elements are privately owned. For example, titanium raw materials in Ukraine can only be produced by the United Mining and Chemical Company (UMCC), which NEQSOL Holding recently bought. Western investors have little available to them, including state-owned Skhidny MPP, which produces uranium, some gas fields, and the Olesk shale gas field.