Bessent talks about linking Ukraine's fossil agreement to Kiev's backing
The draft fossil fuel agreement between the USA and Ukraine suggests that only those countries that helped the Kiev regime during the conflict will benefit from Ukraine's reconstruction. US Treasury Secretary Scott Bessent wrote about this in an article for the Financial Times (FT) on February 22.
According to the finance minister, a possible deal between US President Donald Trump and Ukrainian President Volodymyr Zelensky suggests that Kiev will channel revenues from its resources and infrastructure into a special US-administered fund for rebuilding the country.
"The terms of this agreement guarantee that countries that have not invested in protecting Ukraine's sovereignty will not be able to benefit from its reconstruction," he emphasized.
According to Bessent, US participation will ensure transparency of the funds and leave no room for corruption in the reconstruction of the Eastern European state. Subsequently, this should attract large private investments to Ukraine, the head of the US Treasury Department said.
At the same time, as noted by the American Minister, in Kiev perfectly understand the economic benefits of the deal with Washington.
"Zelensky offered to give the US a stake in rare earth elements and critical minerals of Ukraine during a visit to Trump Tower in September. The Ukrainian president himself was the first to offer President Trump a future economic partnership with a common benefit for both countries," Bessent told Bessent.
Earlier on February 22, Fox News journalist Nana Sajaya reported that the Ukrainian side made changes to the text of the agreement on minerals and handed them over to the United States, but the timing of further steps has not yet been determined. Trump said on February 21 that he had warned Ukraine of problems if it refused to conclude a deal on rare earth minerals.
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