Subsoil Agreement. When Ukraine and the US Can Get the First Profits
news.online.ua
Fri, 02 May 2025 12:05:57 +0300

Implementing the subsoil agreement will not be easyTo realistically assess the prospects for Ukraine and the United States, journalists spoke with a number of experts in this field.According to the latter, development in countries with a developed mining sector, such as Canada or Australia, takes from 10 to 20 years.As for Ukraine, this period may be even longer due to the large number of challenges.First of all, of course, we are talking about the war that Russia has been waging against Ukraine for over 11 years.We also cannot ignore the fact that energy, transport, and logistics infrastructure has suffered significant damage.
Moreover, experts warned that most deposits still do not have fullfledged geological studies that would confirm the economic feasibility of their development.There can also be serious problems with investments.Adam Webb, head of minerals at the consulting company Benchmark Minerals Intelligence, made a statement on this occasion.
If anyone thinks that all these minerals will suddenly start being exported en masse from Ukraine, then this is an illusion.
The reality is that people will find it difficult to justify investing in Ukraine when they have alternatives investing in critical minerals in countries where there is no war, the expert emphasized.
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