Latest news with #EnvironmentalProtectionandNaturalResourcesofUkraine
Yahoo
4 days ago
- Business
- Yahoo
Losses in Ukraine's mining sector reach US$1.7 trillion since start of full-scale invasion
During the three years of Russia's full-scale war against Ukraine, Ukraine's mining sector has lost about US$1.7 trillion. Source: Svitlana Hrynchuk, Minister of Environmental Protection and Natural Resources of Ukraine, in an interview with Reuters Details: About half of Ukraine's strategically important material resources are located in the temporarily occupied territories. Hrynchuk said that a large part of coal deposits, some lithium, manganese and other mineral deposits remain in the temporarily occupied territories. She expressed hope that a joint recovery fund with the United States would significantly increase the potential of the mining industry. "Currently, our natural resources sector accounts for 4% of gross domestic product, but the potential is much greater... We sincerely hope that the agreement will draw more attention to this sector and make foreign investment more transparent and attractive," Hrynchuk said. She stressed that Ukraine is radically reforming its mining sector in an effort to attract billions of dollars in investment under an agreement with the United States on mineral extraction. The country is focused on improving access to information and data on geological exploration, reducing bureaucracy and finalising lists of critical and strategic minerals that are crucial to the economy. Background: On 1 May, Ukrainian Economy Minister Yuliia Svyrydenko and US Secretary of the Treasury Scott Bessent signed an agreement on minerals. On 8 May, the Ukrainian parliament voted to ratify an agreement on the creation of a joint investment fund between Ukraine and the US. On 12 May, Zelenskyy signed the ratification of the subsoil agreement with the US. Earlier, it was reported that 20,000 deposits had been explored in Ukraine, but only about 3,500 deposits were being developed. New deposits are practically not being explored, and there is an acute problem of "dormant" licences, when no work is being carried out on explored and promising sites. The Cabinet of Ministers of Ukraine has expanded the list of minerals of national and local importance. Support Ukrainska Pravda on Patreon!
Yahoo
04-03-2025
- Politics
- Yahoo
Ukraine will receive €400,000 to study damage to New Safe Confinement at Chornobyl after Russian strike
The International Chornobyl Cooperation Account will allocate €400,000 to study the damage to the New Safe Confinement, which is located above the destroyed reactor Chornobyl Nuclear Power Plant (NPP) Unit 4. Source: Svitlana Hrynchuk, Minister of Environmental Protection and Natural Resources of Ukraine Quote: "This is the first step towards our cooperation with partners to restore the New Safe Confinement to normal operation after the Russian attack on 14 February. The funds will be used for an expert assessment of the consequences of the Russian UAV hitting the protective shell of the Confinement." Details: The minister also noted that the early results of the damage assessment and further steps to restore the functioning of the New Safe Confinement were discussed during the meeting. "Today, the main thing is to conduct a qualitative analysis and unite our donors for further development. Restoring the functioning of the Confinement is a huge challenge. There is a possibility that dealing with the consequences of Russian aggression will require more funds than are currently available in the International Chornobyl Cooperation Account," she added. Background: The countries contributing to the International Chornobyl Cooperation Account announced the allocation of about €7 million for the development of the Chornobyl Exclusion Zone. On the night of 13-14 February, a Russian attack drone with an explosive warhead hit the shelter over Chornobyl NPP Unit 4. The background radiation level did not increase. On 19 February, Ukrainian emergency workers were still dealing with the aftermath of the Russian UAV strike on the Chornobyl plant. Support Ukrainska Pravda on Patreon!
