Zelensky signs law on natural resources deal ratification
Kiev, May 12 (UNI) Ukrainian President Volodymyr Zelensky on Monday signed the law ratifying a natural resources deal with the United States, which would establish a joint investment fund for Ukraine's reconstruction, according to the parliament's website.
"The implementation of the Agreement will ensure the further development of economic cooperation between Ukraine and the U.S.," said the explanatory note to the law.
The agreement to establish the fund, which will be partially financed by new royalties on Ukraine's mineral resources, gas and oil, was signed on April 30 in Washington by Ukrainian First Deputy Prime Minister and Economy Minister Yulia Svyrydenko and U.S. Treasury Secretary Scott Bessent.
According to Svyrydenko, both countries will co-manage and co-finance the fund, while Ukraine would maintain ownership and complete control over its mineral and energy resources.
The Ukrainian parliament supported ratification of the agreement last week.
The deal will enter into force after the exchange of diplomatic notes between Ukraine and the United States confirming the completion of both countries' internal procedures.
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United News of India
37 minutes ago
- United News of India
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New Indian Express
an hour ago
- New Indian Express
Russia's Pearl Harbor? Ukraine's Operation Spider Web an attack of astonishing ingenuity
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The drones were adapted to first-person-view (FPV) multirotor platforms, which allows the operator to get a first-person perspective from the aerial vehicle's onboard camera. Apparently, Ukraine used NATO-supplied satellite data and ISR (intelligence, surveillance, reconnaissance) to identify the exact positions of Russian bombers, gaps in radar coverage, and safe launch zones deep inside Russia. Videos circulating online show the drones emerging from the roof of one of the vehicles involved. A lorry driver interviewed by Russian state outlet Ria Novosti claimed that he and other drivers tried to knock down drones flying out of a truck with rocks. "They were in the back of the truck and we threw stones to keep them from flying up, to keep them pinned down," he said. Using 117 drones, Ukraine was able to reach regions thousands of kilometres from the front, compared to its previous attacks,which generally focused on areas close to its borders. 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And the people who assisted us were withdrawn from Russian territory before the operation, they are now safe,' the Ukrainian President stated. Dr Steve Wright, a UK-based drone expert, told the BBC that the drones used were simple quadcopters carrying relatively heavy payloads. However, in his view, what made this attack "quite extraordinary" was the ability to smuggle them into Russia, and then launch and command them remotely. This, he concluded, had been potentially achieved through a link relayed through a satellite or the internet. Although the full extent of the damage from these Ukrainian strikes is unknown, the attacks showed that Kyiv was adapting and evolving in the face of a larger military with deeper resources. 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There is no doubt that this attack will go down as one of the finest out-of-the-box ideas of this conflict rendering the entire air defence system sterile and raising huge questions regarding the management of airspace with repercussions far beyond the conflict.
United News of India
an hour ago
- United News of India
With India suspending IWT, Pakistan PM Sharif stresses on building new water reservoirs
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