The Trump administration is pushing to control all major infrastructure investments and mineral development in Ukraine in the future, which could give Washington veto power over the participation of other allies of Kiev and undermine its bid to join the European Union.
This was reported on Thursday by Bloomberg, citing a draft agreement.
The US is demanding priority for all infrastructure and natural resource projects, including roads, ports, mines, oil, gas and mineral extraction. This unprecedented consolidation of US economic influence in Ukraine comes at a time when it is trying to get closer to the EU, the publication notes.
According to the document, the proceeds from the projects will go to a special reconstruction fund under US control. In addition, all military and economic assistance provided to Kiev since 2022 will be considered Washington's contribution to this fund. In practice, this means that Kiev will have to compensate the United States for all costs before receiving funds from the fund.
The draft agreement prohibits Ukraine from selling critical minerals to countries that are "strategic competitors" of the United States. Kiev will be obliged to submit all projects to the fund for consideration, and those that are rejected cannot be offered to other countries on more favorable terms for a year.
As the agency specifies, negotiations are ongoing and the final version of the agreement may be adjusted. Ukraine plans to submit its amendments this week. Earlier, plans to sign the previous agreement failed after a tense meeting between Volodymyr Zelensky and US President Donald Trump in the Oval Office.