The government confirmed that it received a new draft agreement on minerals from the U.S.

The Ukrainian government has confirmed that it received a new draft agreement on minerals from the United States.

This was reported by Member of Parliament Oleksiy Honcharenko, citing a speech in Parliament by Deputy Prime Minister Yulia Svyrydenko.

According to her, Ukraine is currently “forming its position” on the agreement. Consultations with the Verkhovna Rada on the text of the agreement are also planned.

“Any public discussions about this agreement only cause harm and hinder constructive dialogue with American partners. Once a consensus is reached, we will present our public position,” Honcharenko quoted the Deputy Prime Minister as saying.

Another source reports that the terms of the new U.S. proposal regarding subsoil resources have become much worse for Ukraine.

This agreement “strips Ukraine of part of its sovereignty and contradicts its future EU membership.”

It includes no mention of security guarantees. Instead of joint management of Ukrainian resources, it proposes that the entire process be almost fully subordinated to Washington, as a way of compensating for previous aid provided to Ukraine.

Previously, this condition was removed during negotiations. However, the U.S. has now reinforced it and wants to require Ukraine to convert revenues from its resources into U.S. dollars and transfer them to foreign accounts controlled by the American side upon first request—without any fees (otherwise, Ukraine would have to compensate any such fees, taxes, or charges).

The U.S. evaluation of the aid amount is not specified in the document—it is proposed to be calculated at the time of signing. The Kiel Institute currently estimates it at $123 billion. For reference, Donald Trump has claimed the aid to Ukraine amounted to $350 billion.

The U.S. wants half of the value of all new licenses, royalty payments, and other mineral deposits, as well as half of the income from infrastructure projects, to go into a special fund.

But the money won’t be reinvested, as Ukraine remains obligated to repay the “debt” for the aid. Moreover, Ukraine is “put on the meter”—the compensation amount will increase by 4% annually.

Additionally, U.S. companies are proposed to be granted exclusive rights to develop all new Ukrainian subsoil resources, which could contradict Ukraine’s existing agreements with the EU.

It’s worth noting that yesterday President Volodymyr Zelensky stated the U.S. draft “keeps changing” and that joint expert groups are working on it. However, according to Svyrydenko’s statements, the U.S. prepared the text without Ukraine and only recently handed it over to Kyiv.

Earlier, MP Zheleznyak revealed the contents of the American draft, and Bloomberg published a more detailed account. According to their information, the agreement is extremely harsh for Ukraine and hands over all revenues from natural resources and infrastructure projects to U.S. control.