#Trump & #Putin have been on the phone since 10AM ET & the call is ongoing, the White House says [1 hr 15 mins & counting]
The call is to discuss #US plans for #Ukraine / #Russia #ceasefire
#geopolitics #authoritarianism #democracy #StandWithUkraine
https://www.reuters.com/world/us/trump-putin-updates-us-russian-leaders-discuss-plans-ukraine-ceasefire-2025-03-18/
As we wait to hear more on the #Trump / #Putin call, here is a reminder of the framework #minerals *deal* [#extortion] the #US & #Ukraine tentatively agreed to last month.
The deal, which is yet to be signed, would see the US extract Ukraine's #NaturalResources.
Titled "BILATERAL AGREEMENT ESTABLISHING TERMS & CONDITIONS FOR A RECONSTRUCTION INVESTMENT FUND," it lays out some details:
• The 2 countries will establish a Reconstruction Investment Fund to collect & invest revenues from Ukrainian resources.
• Reps from both countries will jointly manage the fund.
• A subsequent agreement about the fund will be "negotiated promptly" AFTER the conclusion of this agreement.
• #Ukraine will contribute to the fund 50% of revenues earned from Ukrainian state-owned #NaturalResources developed in the future.
• The deal does NOT name the assets & says they will be defined in a later agreement that will go to a vote in #parliament.
• The assets are "defined as deposits of #minerals, #hydrocarbons, #oil, natural #gas, & other extractable materials, & other #infrastructure relevant to #NaturalResource assets (such as liquefied natural gas terminals & port infrastructure)."
• "For the avoidance of doubt, such future sources of revenues do not include the current sources of revenues which are already part of the general budget revenues of #Ukraine."
• The fund aim is to invest in Ukrainian projects & attract investment in public & private assets including #NaturalResources, #infrastructure, #ports & state-owned enterprises.
• Contributions to the fund will be reinvested in Ukraine to promote "the safety, #security & prosperity of Ukraine."
Meanwhile, #Zelensky heads to #NATO member #Finland
#Ukraine's president Volodymyr Zelensky will meet Finnish President #AlexanderStubb on Wednesday, the Finnish President's office said.
After a welcoming ceremony in the courtyard of the Presidential Palace in #Helsinki, the 2 will hold formal talks on Finland’s support for Ukraine, Stubb's office added.
At the end of the discussions, the Presidents will hold a joint press conference.
@Nonilex after? That's a huge red flag. You said it right... extortion.
@Nonilex I've seen the terms of the original minerals deal summarised somewhere (The Guardian?) back when the public Zelenskyy-Trump meeting was going on, can't remember where nor the exact terms but even to a layman like me it sound like such an obvious rip off, I'd never sign anything like that, not if I could choose at least. Maybe someone else can find that summary again? It's so much worse than "u give me 50% of rocks" which would be bad enough already