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Proposed contract would have given US 50% of Ukraine's revenue from resource extraction, Telegraph reports

Photo by Vladimir Patkachakov / Unsplash

A draft contract would give the United States 50% of Ukraine's recurring revenue from extraction of resources, and 50% of the financial value of “all new licences issued to third parties” for the future monetisation of resources, The Telegraph reported, citing a copy of the contract it has obtained.

The contact, which was rejected by Ukrainian President Volodymyr Zelensky, would have covered the “economic value associated with resources of Ukraine,” including “mineral resources, oil and gas resources, ports, other infrastructure (as agreed),” the newspaper said, citing a draft of the contract it said it has obtained.

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