Fact Check: Under the U.S.-Ukraine minerals deal, half of the revenues from mineral extraction will go to a joint U.S.-Ukraine investment fund.

Fact Check: "Under the U.S.-Ukraine minerals deal, half of the revenues from mineral extraction will go to a joint U.S.-Ukraine investment fund."

What We Know

The claim that half of the revenues from mineral extraction in Ukraine will go to a joint U.S.-Ukraine investment fund is supported by multiple sources. According to a report from the New York Times, under the minerals deal, the Ukrainian government is expected to allocate 50% of the revenues it earns from mineral extraction to this joint investment fund. This fund is designed to reinvest in Ukraine's economy, while also allowing the United States to claim a portion of the revenues as repayment for past aid.

The U.S. Treasury Department also confirmed this arrangement in a press release, stating that the agreement aims to establish a "reconstruction investment fund" where revenues from licenses for new projects will be shared between the U.S. and Ukraine (Treasury Department). Furthermore, a detailed analysis from the Center on Global Energy Policy elaborates that the fund will be jointly managed, with Ukraine contributing 50% of the revenues from its natural resources into this fund (CGEP).

Analysis

The sources supporting this claim are credible and provide consistent information regarding the financial structure of the U.S.-Ukraine minerals deal. The New York Times, a reputable news outlet, provides a comprehensive overview of the deal and its implications, highlighting the revenue-sharing aspect (source-1). The U.S. Treasury Department's announcement adds an official dimension to the claim, affirming the establishment of the investment fund and the revenue-sharing model (source-2).

Moreover, the analysis from the Center on Global Energy Policy offers a thorough breakdown of the agreement's mechanics, reinforcing the claim that Ukraine will contribute 50% of its mineral extraction revenues to the fund (source-3).

While the information is consistent across multiple reputable sources, it is important to note that the actual implementation of the deal may face challenges, including potential delays in project execution and the ongoing conflict in Ukraine. However, these factors do not negate the validity of the claim regarding revenue allocation.

Conclusion

The claim that "under the U.S.-Ukraine minerals deal, half of the revenues from mineral extraction will go to a joint U.S.-Ukraine investment fund" is True. The evidence from multiple credible sources confirms that the agreement includes a provision for Ukraine to allocate 50% of its mineral extraction revenues to this joint fund, which is intended to support both U.S. and Ukrainian economic interests.

Sources

1. Ukraine Takes First Step Toward Carrying Out Minerals Deal With U.S ...
2. Treasury Announces Agreement to Establish United States ...
3. Unpacking the US–Ukraine Minerals Deal | CGEP
4. The U.S.-Ukraine Mineral Deal: What We Know - The New York Times
5. Ukraine, US say they sign deal for joint investment fund - USA TODAY
6. Breaking Down the U.S.-Ukraine Minerals Deal - CSIS