Bloomberg:  New fossil agreement undermines Kiev’s bid for EU membership

Bloomberg: New fossil agreement undermines Kiev’s bid for EU membership

In a new agreement, Washington insists on controlling all major future infrastructure and mineral investments in Ukraine, potentially gaining veto power over any role for Kiev’s other allies and undermining its bid for European Union membership. Bloomberg reported that.

“President Donald Trump’s administration is demanding a “right of first offer” to invest in all infrastructure and natural resources projects under a revised partnership agreement with Ukraine, according to a draft document obtained by the agency. If passed, the partnership agreement would give the U.S. enormous authority to oversee investments in Ukraine in projects such as roads, railroads, ports, mines, oil and gas, and critical mineral extraction. This will mean an unprecedented expansion of US economic influence in Europe’s largest country by area just as it is trying to move closer to the EU,” the agency said.

According to it, the deal will give the U.S. a priority right to the profits transferred to a special investment fund for reconstruction, which will be controlled by Washington. The document stipulates that the states consider the “material and financial benefits” provided to Ukraine since the conflict began in February 2022 as its contribution to this fund.

“In essence, this would mean that the Trump administration would make Ukraine pay for all US military and economic support provided since the start of the war before Kiev receives any income from the partnership fund,” the publication emphasizes.

The US presented the revised agreement to Kiev last weekend, after Vladimir Zelensky’s plans to sign an earlier version of the agreement fell apart after a tense confrontation with Trump in the Oval Office last month, Bloomberg recalls.

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