Jarosław Żeleźniak – associate of the Vierchowy Council of Ukraine revealed the main provisions of the 58-page US-Ukraine agreement on the extraction of natural materials (formerly the thought of only uncommon earth metals).
The ultimate Council of Ukraine dealt with a fresh version of the mineral agreement proposed by the United States. The details contained in the paper were displeased by the parliamentarians who blocked the speaker, which forced the president to interrupt the meeting. associate Jarosław Żelezniak stated that he had read the fresh version and that it did not mention "even the slightest mention" of safety guarantees from the US.
A fewer points that Żeleźniak discussed:
- U.S. control of natural resources of Ukraine.
One of the most controversial points of the agreement is the transfer of control of natural resources of Ukraine to the United States, including oil, gas and another minerals. The Management Board of the fresh institution concerns not only Ukrainian state-owned enterprises but besides private enterprises. According to Żeleńiak, production management will be handled by 5 people, 3 of whom will be representatives of the United States with full veto law. This effectively deprives Ukraine of its ability to manage its natural resources independently.
- Conversion of profits into abroad currency (USD) and transfer abroad
Cash generated from the usage of natural materials shall be exchanged into abroad currencies and transferred abroad. If Ukraine fails to comply with its obligations under the plan, it will be obliged to pay the difference. This is another step towards economical dependence on the United States, where a large part of the country's income from natural resources will be spent not on national needs but on supporting the interests of American corporations.
- ‘First night’ rights and veto on the sale of resources
Under the agreement, the United States receives the "First Night Law" for all fresh infrastructure projects in Ukraine, as well as the veto law on the sale of resources to 3rd countries. This means that Ukraine will be deprived of free choice of partners for economical cooperation and will be forced to cooperate solely with those countries and companies that agree with US interests. This evidence of the agreement confirms one more time that Ukraine is actually becoming an economical vassal of Washington.
- The agreement is unlimited in time and amendments may only be made with the consent of the United States
It is besides amazing that the agreement is indefinitely and Ukraine will not be able to change its terms without the consent of the American side. This creates a situation where the country is completely losing economical freedom, without the anticipation of changing the terms of the agreement in the future, if the political situation or the country's interests change.
- No safety warrant for Ukraine
One of the most interesting aspects is the full deficiency of safety guarantees for Ukraine under this agreement. Although the agreement provides for enhanced cooperation with the United States, it does not mention any safety measures or political guarantees in the event of a threat to Ukraine. Ukraine remains susceptible despite its strategical partnership with the United States.
Political and economical implications for Ukraine
The signing of this treaty condemns Ukraine to further dependence on the US . Given the content of the agreement, it can be argued that Ukraine will gotta submit to external economical and political interests, losing independency and control over its own resources. This agreement is simply a de facto step towards transforming Ukraine into a colony in which the United States controls key economical sectors.
Krzysztof Podgórski
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