Home news Europe live: Ukraine ready to sign US minerals deal today, government source says | Germany

Europe live: Ukraine ready to sign US minerals deal today, government source says | Germany

by wellnessfitpro

Ukraine expects to sign US minerals deal today, reports say

Ukraine expects to sign a much-anticipated minerals deal with the United States on Wednesday, a senior source in the Ukrainian presidency told AFP.

Deputy prime minister and economy minister Yulia Svyrydenko will be in Washington later to sign the agreement, the final draft of which the Ukrainian government “has yet to approve”, the source said, adding that the agreement provides for a “50/50” joint fund between Kyiv and Washington.

Reuters reminded that the two sides signed a memorandum on 18 April as an initial step towards clinching an accord on developing mineral resources in Ukraine.

Ukrainian first deputy prime and economy minister Yulia Svyrydenko.
Ukrainian first deputy prime and economy minister Yulia Svyrydenko. Photograph: Reuters

Ukrainian officials hope that signing the deal promoted by U.S. President Donald Trump will help to firm up softening American support for Kyiv in the war triggered by Russia’s full-scale invasion more than three years ago, Reuters added.

Share

Updated at 

Key events

What happens next for Merz’s government? – analysis

Kate Connolly

Kate Connolly

The way is now paved for the Merz administration to finally take up office.

Leader of the Christian Democratic Union party (CDU), Friedrich Merz, attends the congress of the European People’s Party (EPP), in Valencia, Spain. Photograph: Eva Manez/Reuters

On Monday, the coalition agreement will be signed, and we’re also expecting the SPD to announce its cabinet posts. Then on Tuesday, Merz is due to be voted into office by the Bundestag, after which his government will be sworn in.

Rumour has it that Merz will hold his first cabinet meeting on Tuesday afternoon, sending out the signal that he means to get down to business straight away amid looming challenges, from economic malaise, to grave domestic concerns, such as how to tackle irregular migration, overburdensome bureaucracy, and not least how to outflank the far-right AfD (recent polls showing them to have overtaken the CDU/CSU for the first time).

There’s also the question that has been on the minds of everyone since his controversial multi-billion Euro financial bonanza he pushed through parliament in March – what exactly is he going to do with the money, and how long will it be before malcontent Germans start to feel the effects of it?

That’s even before touching on the myriad geopolitical complications.

Merz has long since sent out the signal that Ukraine will be at the top of his agenda, having appointed a pro-Kyiv ex soldier as foreign minister and pledged to continue Germany’s support.

The closer he has got to taking office, the more cautious he has become in his rhetoric towards US President Trump, but Merz has made no mistake he knows what is at stake, saying on Monday:

“We have come to the realisation that we can no longer be certain of the transatlantic relationship in the spirit of freedom and the rules-based order.”

Share

#Europe #live #Ukraine #ready #sign #minerals #deal #today #government #source #Germany

You may also like

Leave a Comment