The Committee of the Verkhovna Rada of Ukraine on Budget issues approved the bill on amendments to the budget code for the implementation of the subsoil agreement between Ukrainian and the United States. So far, it is about accepting the document only in the first reading (on the basis).

We are talking about bill No. 13256. As explained by the head of the budget committee of Roksolana Pidlas, changes to the budget code are needed to embody the provision on the filling of the investment fund of the recovery, which is created according to an agreement on minerals. It is the procedure for transferring these funds that requires legislation.

Pidlas clarified that the contribution of Ukraine will consist of half of the funds received after the agreement from rent from rent to mining from new licenses, as well as the issuance of new special permits for the use of non -chiefs and the sale of part of the products - also under new agreements.

" The order of figures regarding contributions from Ukraine - about 3 billion UAH in 5 years (at least if the agreement were signed in 2019, then this amount would have received the fund as a contribution of Ukraine so far), ”Pidlas said.

As the people's deputy from the " "

On the eve of May 12, the President of Ukraine Volodymyr Zelensky signed a bill on ratification of an agreement with the United States on cooperation in the field of subsoil and the creation of an investment fund. The agreement does not require changes in the Constitution of Ukraine and provides for parity management of the future fund, and also does not recognize Ukraine "

In the future, Ukraine and the United States will sign two more contracts - on the technical aspects of the implementation of cooperation. These documents will no longer need the ratification of the Ukrainian parliament:.

Recall, on May 1, Ukraine and the United States signed an agreement on minerals. It involves the creation of a joint investment fund, which will replenish the development of Ukrainian subsoil. On the same day, the text of the document was officially published on the website of the Cabinet of Ministers, as well as on the White House website.

The document contains a specific list of 57 minerals - common for those from which the rent will replenish the fund, and those in the prey of which this fund will be entitled to invest. It included not only rare -earth metals, but also other elements, including oil and gas.

The work of the Fund will concern only new deposits, the license for which Ukraine will issue after the entry into force of the agreement. Moreover, the right to own deposits remains with Ukraine.

Control over the work of the Fund will be carried out by a company with a board of three Ukrainian and three American representatives who will jointly make decisions on investments and distribution of money. It was previously stipulated that the United States will have a majority of votes in the board, but this norm managed to cancel.

The fund will be filled with both sides in a ratio of 50 to 50. The United States will be able to enroll new military assistance to Ukraine as its contribution to the fund, but the support already provided is not taken into account, that is, the Ukrainian side will not pay "

In addition, the fund must invest in the development of Ukraine for 10 years. At this time, payments from the fund will be prohibited, it will only be possible to reinvest income, and not withdraw them.