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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Quick takeaways
- The recent U.S.-Ukraine mineral deal symbolizes a significant shift in U.S. policy, enhancing Ukraine's resilience against Russian invasion through economic partnership.
- Ukraine's growing defense production sector demonstrates a recovery amid war, positioning the nation as a key player in global defense manufacturing.
Deep dives
U.S.-Ukraine Mineral Resource Agreement
A recent agreement between the United States and Ukraine establishes a partnership regarding American access to Ukrainian mineral resources. This deal represents a shift in U.S. policy, as it no longer requires Ukraine to repay military aid previously granted by the Biden administration. While some Ukrainians view this agreement as exploitative of their natural resources, experts believe it will provide essential investments and returns that benefit both parties. The agreement aims to fortify Ukraine's resilience against the ongoing Russian invasion and improve U.S.-Ukraine relations strained during previous administrations.
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