Ukraine adopts measures for signing minerals partnership agreement with US

KYIV - Ukrainian Prime Minister Denys Shmyhal announced Wednesday that his government adopted a set of measures needed for signing the minerals partnership agreement with the United States, the Interfax-Ukraine news agency reported.

"Today the government is making decisions necessary for signing an agreement between Ukraine and the United States," Shmyhal said.

Under the agreement, Ukraine and the United States are set to establish a joint investment fund which will be co-owned and co-managed by both governments, Shmyhal said.

He emphasized that Ukrainian mineral resources will remain the property of Ukraine and will not be transferred to the US ownership.

According to the deal, Ukraine will contribute 50 percent of its future revenues from its natural resources to the fund, while the United States will provide funds to support Ukraine's recovery.