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The "minerals deal" isn't one but in name, no idea why it's being sold as such. It's really just a Ukrainian sovereign reconstruction fund, with the option for
by DeepSeaTortoise 2y ago
The "minerals deal" isn't one but in name, no idea why it's being sold as such.
It's really just a Ukrainian sovereign reconstruction fund, with the option for the US to buy its way in. Also the fund is financed through Ukraine's natural resource extraction.
The crux being:
No one else can buy into the fund. So if Ukraine is rebuilt and then disappears from the map, the US pretty much owns the fund, together with whoever is recognized as Ukraine's exile government, and with it a huge portion of Ukraine's industries.
So even if Russia were to take over Ukraine, all the money making stuff is still co-managed by the fund.
And since Ukraine is the exclusive financial benefactor of the fund, whoever takes over Ukraine ends up facing an exile government with an utterly ridiculous budget.
And if they wanted to just expropriate the fund, they'd have to expropriate the US gov, too. Good luck with that.
.
The fund is a REALLY good idea, but the way it's sold to the public and Ukraine refusing to agree to it is ... odd at best.