This Is Not A Drill with Gavin Esler Ukraine mineral deal – What it means for Kyiv's fightback
May 5, 2025
Tymofiy Mylovanov, President of the Kyiv School of Economics and former Ukrainian economy minister, sheds light on a historic mineral deal between Ukraine and the US. He discusses how this agreement bolsters Ukraine's resilience against Russian aggression and its impact on the US-Ukraine relationship. The conversation delves into Ukraine's wartime economy and the strategic growth of domestic defense production. Mylovanov also touches on the potential transfer of seized Russian assets and the challenges of EU integration and corruption reforms.
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Balanced US-Ukraine Mineral Deal
- The US and Ukraine mineral deal balances economic and political interests without being exploitative.
- It reflects a political narrative but aims for reasonable investment returns and cooperation.
Ukraine's Wartime Economy Recovery
- Ukraine's wartime economy is recovering slowly with growth focused on defense manufacturing.
- Innovation in defense tech may spill into civilian use, offering future economic benefits.
Frozen Russian Assets as Collateral
- $40+ billion of frozen Russian assets have been collateralized to finance Ukraine.
- These assets are effectively lost to Russia with Kremlin’s implied acceptance.