US to gain early access to investment data on Ukraine's mineral resources
The United States will be the first to receive information about investment opportunities related to new licenses and deposits in Ukraine thanks to the mineral deal, First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko said at a briefing on Thursday.
"Americans benefit and are interested in being the first to know about investment opportunities in minerals, oil and gas," she said.
Svyrydenko emphasized that this does not mean a change in the mechanism for obtaining production licenses – they will continue to be obtained on a competitive basis in accordance with the law.
A tender or auction will be announced for any new field according to the usual procedure. It can be awarded to a Ukrainian, German, French, Japanese or American company – any company that wins the auction.
- Provided the subsoil agreement is ratified quickly, the new US-Ukraine investment fund could be operational in the coming weeks.
