Bloomberg Surveillance Bloomberg Surveillance TV: February 24, 2025
Feb 24, 2025
Amos Hochstein, former Special Presidential Coordinator at the US Department, shares his expertise on Ukraine’s vast but underutilized mineral resources amidst conflict, stressing the need for strong governance and accountability. Ed Mills, a policy analyst at Raymond James, discusses the political implications of recent events in Washington, including rising inflation expectations fueled by tariff policies. Together, they delve into the complexities of energy investments, the geopolitical landscape, and the importance of robust alliances in navigating these challenges.
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Ukraine's Mineral Resources
- Ukraine likely possesses critical minerals, distinct from rare earth elements, but not yet in commercially viable quantities.
- Developing these resources will take years, even with exploration and investment.
Ukraine's Resource Development History
- Developing Ukraine's resources has been a long-standing discussion since the Obama administration.
- The main obstacle has been corruption, hindering efficient resource development.
Corruption in Ukraine
- Ukraine's corruption, a pre-existing issue, continues to be a challenge.
- Wartime conditions exacerbate corruption due to increased stress and temptation.