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*Ukrainian socialist: Five main problems with the US-Ukraine mineral deal*

Vitaliy Dudin

First published in Ukrainian at Соціальний рух ( https://rev.org.ua/chi-korisna-ukra%d1%97ni-ugoda-pro-korisni-kopalini-top-5-problem/ ). Slightly updated by author and translated for LINKS International Journal of Socialist Renewal ( https://links.org.au/ ).

The minerals deal signed between Ukraine and the United States reflects US capital’s desire to gain unhindered access to Ukraine’s mineral resources. It also gives the US new leverage over Ukraine’s economic and political situation. In contrast, there are no obvious benefits for Ukraine, despite it ceding sovereignty.

Ukraine’s Verkhovna Rada (parliament) voted on May 8 to ratify the so-called Mineral Deal. The Agreement between the Government of Ukraine and the Government of the United States of America on the establishment of the American-Ukrainian Investment Fund for Reconstruction (hereinafter referred to as the Agreement or the Subsoil Agreement) was signed on April 30.

US imperialism used Ukraine’s vulnerable position to impose a number of disadvantageous conditions. Despite the removal of some of the more oppressive conditions (such as “billing” Ukraine for military assistance already provided), it gives the US new leverage over the economic and political situation in Ukraine.

At present, even its public defenders will not dare say that it promises prosperity or stability for Ukraine. The very question of representatives of a foreign country being able to exclusively determine the terms of exploitation of our subsoil (which is property of the Ukrainian people) is indignant. The beneficiaries of the agreement are US capital and, perhaps, a section of the Ukrainian oligarchy, but not Ukrainian working people.

However, it would be wrong to describe this agreement as an irreversible national catastrophe. Ukraine may yet free itself from the colonial yoke and renounce the Agreement in the future, if it rids itself of oligarchic capitalism and reasserts its sovereignty.

Regarding the Agreement, here are five main problems that should be considered... continue read at https://links.org.au/ukrainian-socialist-five-main-problems-us-ukraine-mineral-deal


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<div>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><strong>Ukrainian socialist: Five main problems with the US-Ukraine mineral deal</strong></p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box;">Vitaliy Dudin</span></p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><em style="box-sizing: border-box;">First published in Ukrainian at<span> </span></em><a class="ext" style="box-sizing: border-box; background-color: transparent; color: #d36206; text-decoration: underline;" title="(opens in a new window)" href="https://rev.org.ua/chi-korisna-ukra%d1%97ni-ugoda-pro-korisni-kopalini-top-5-problem/" target="_blank" rel="noopener noreferrer" data-extlink=""><em style="box-sizing: border-box;">Соціальний рух</em></a><em style="box-sizing: border-box;">. Slightly updated by author and translated for<span> </span></em><a style="box-sizing: border-box; background-color: transparent; color: #d36206; text-decoration: underline;" href="https://links.org.au/"><em style="box-sizing: border-box;">LINKS International Journal of Socialist Renewal</em></a><em style="box-sizing: border-box;">.</em></p>
<p dir="ltr" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box; font-family: Merriweather, serif;">The minerals deal signed between Ukraine and the United States reflects US capital’s desire to gain unhindered access to Ukraine’s mineral resources. It also gives the US new leverage over Ukraine’s economic and political situation. In contrast, there are no obvious benefits for Ukraine, despite it ceding sovereignty.</span></p>
<p dir="ltr" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box; font-family: Merriweather, serif;">Ukraine’s Verkhovna Rada (parliament) voted on May 8 to ratify the so-called Mineral Deal. The<span> </span></span><span style="box-sizing: border-box; font-family: Merriweather, serif;">Agreement between the Government of Ukraine and the Government of the United States of America on the establishment of the American-Ukrainian Investment Fund for Reconstruction</span><span style="box-sizing: border-box; font-family: Merriweather, serif;"><span> </span>(hereinafter referred to as the Agreement or the Subsoil Agreement) was signed on April 30. </span></p>
<p dir="ltr" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box; font-family: Merriweather, serif;">US imperialism used Ukraine’s vulnerable position to impose a number of disadvantageous conditions. Despite the removal of some of the more oppressive conditions (such as “billing” Ukraine for military assistance already provided), it gives the US new leverage over the economic and political situation in Ukraine. </span></p>
<p dir="ltr" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box; font-family: Merriweather, serif;">At present, even its public defenders will not dare say that it promises prosperity or stability for Ukraine. The very question of representatives of a foreign country being able to exclusively determine the terms of exploitation of our subsoil (which is property of the Ukrainian people) is indignant. The beneficiaries of the agreement are US capital and, perhaps, a section of the Ukrainian oligarchy, but not Ukrainian working people.</span></p>
<p dir="ltr" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box; font-family: Merriweather, serif;">However, it would be wrong to describe this agreement as an irreversible national catastrophe. Ukraine may yet free itself from the colonial yoke and renounce the Agreement in the future, if it rids itself of oligarchic capitalism and reasserts its sovereignty.</span></p>
<p dir="ltr" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-family: Merriweather, serif; color: #212529; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #f8f9fa; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="box-sizing: border-box; font-family: Merriweather, serif;">Regarding the Agreement, here are five main problems that should be considered... continue read at <a href="https://links.org.au/ukrainian-socialist-five-main-problems-us-ukraine-mineral-deal" target="_blank" rel="noopener">https://links.org.au/ukrainian-socialist-five-main-problems-us-ukraine-mineral-deal</a></span></p>
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