The Mineral Deal: Ukraine will insist on parity between the parties in managing the investment fund.

The technical round of negotiations between Ukraine and the US regarding the mineral agreement will take place on April 11-12 in Washington. Ukraine’s delegation will be led by Deputy Minister of Economy and Trade Representative of Ukraine, Taras Kachka, as reported by President Zelenskyy. The trade representative will receive support from Deputy Minister of Justice for European Integration, Lyudmyla Suhak, and Deputy Minister of Energy, Mykola Kolisnyk. For this stage of the negotiations, Ukraine has also involved Hogan Lovells, the law firm which represents the interests of the state-owned PrivatBank in the High Court of London.

According to Zelenskyy, this will be the first meeting of the technical teams, aimed at developing the agreement’s key principles. One of the conditions that the Ukrainian delegation will advocate for is parity in managing the fund that will house the revenue produced by mineral extraction.

Ukraine’s Deputy Prime Minister for European Integration, Olga Stefanishyna, stated that the subject of negotiations cannot undermine Ukraine’s current obligations, including financial commitments, within the framework of macro-financial assistance programs with the EU and the IMF.