Ukraine Business Roundup – US and Ukraine agree on mineral deal  

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**US and Ukraine Agree on Mineral Resources Deal**

After weeks of , the US and Ukraine have reached an agreement on a deal to develop Ukraine’s mineral resources. The Financial Times and Ukrainian media outlet Ekonomichna Pravda reported that the two countries have agreed on a deal that includes establishing a fund for investments in projects within Ukraine.

**Key Terms of the Deal**

The agreement will establish a 50/50 joint ownership fund with Ukraine and the US contributing equally to it. The fund will invest in projects related to , gas, and logistics. However, resources that already contribute to Ukraine’s budget are excluded from the deal, including operations by Naftogaz and .

**What’s Next**

The agreement still needs to be signed by US Secretary of State Marco Rubio and Ukrainian Foreign Minister . Ukraine’s parliament will also have to ratify the deal. Specific details of the agreement will need to be finalized in future negotiations.

**Refugee Return Rate Declines**

The rate of refugees returning to Ukraine has declined, with many citing concerns about security and safety as a reason for not returning. The UN estimates that it may take at least a decade for Ukraine to recover from the damage caused by Russia’s invasion.

**Europe Announces Tranche**

Ukraine will receive a new tranche of 3.5 billion euros ($3.7 billion) from the in March, with the EU expected to provide Ukraine with billion euros ($36 billion) in financial assistance under the G7 Extraordinary Revenue Acceleration (ERA) credit initiative and the Ukraine Facility .

**Ukraine’s Reconstruction Costs Estimated at $524 Billion**

The cost of reconstruction and recovery in Ukraine after three years of Russia’s full-scale invasion is estimated to be $524 billion over the next decade, according to the UN. This is 2.8 times higher than Ukraine’s nominal GDP for 2024.

**First Ukraine-Born Business Joins Global Entrepreneur Network**

Educational company Headway became the first Ukraine-born business selected to join Endeavor, a global network of entrepreneurs. The membership gives Headway access to Endeavor’s network and potential funding through Endeavor Catalyst.

**Ukraine Moves to Nationalize Oligarch-Owned Mining Company**

The Ukrainian government is preparing to nationalize Poltava Mining, a subsidiary of London-listed Ferrexpo, which is majority-owned by oligarch Konstantin Zhevago. The lawsuit seeks to transfer 49.5% of Poltava Mining and its assets to state ownership.

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