Ukraine, US sign ‘memorandum of intent’ on resources deal: Kyiv

Trump wants the deal as compensation for aid given to Ukraine by his predecessor, Joe Biden. Svyrydenko did not publish details of the memorandum, but said work continued toward securing a final agreement. (AFP)
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Updated 18 April 2025
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Ukraine, US sign ‘memorandum of intent’ on resources deal: Kyiv

  • US officials say boosting American business interests in Ukraine will help deter Russia from future aggression in the event of a ceasefire

KYIV: Ukraine and the United States on Thursday signed a “memorandum of intent” to move forward with a fraught deal for US access to Kyiv’s natural resources and critical minerals, Kyiv said.
“We are happy to announce the signing, with our American partners, of a Memorandum of Intent, which paves the way for an Economic Partnership Agreement and the establishment of the Investment Fund for the Reconstruction of Ukraine,” Ukraine’s first deputy prime minister Yulia Svyrydenko said on X.
Kyiv and Washington had planned to sign a deal on extracting Ukraine’s strategic minerals weeks ago, but a clash between presidents Donald Trump and Volodymyr Zelensky in February temporarily derailed work on the agreement.
Trump wants the deal — designed to give the US royalty payments on profits from Ukrainian mining of resources and rare minerals — as compensation for aid given to Ukraine by his predecessor, Joe Biden.
Svyrydenko did not publish details of the memorandum, but said work continued toward securing a final agreement.
“We hope that the Fund will become an effective tool for attracting investments in the reconstruction of our country, modernization of infrastructure, support for business, and the creation of new economic opportunities,” she said.
“There is a lot to do, but the current pace and significant progress give reason to expect that the document will be very beneficial for both countries.”
US officials say boosting American business interests in Ukraine will help deter Russia from future aggression in the event of a ceasefire.
Kyiv is pushing for concrete military and security guarantees as part of any deal to halt the three-year war.


Greece backs coast guard after latest deadly migrant crash

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Greece backs coast guard after latest deadly migrant crash

ATHENS: The Greek government has firmly backed its coast guard, insisting it is “not a welcoming committee” as questions grow over a collision in the Aegean Sea this week that killed 15 asylum seekers.
The deadly crash occurred late Tuesday when the high-speed boat the migrants were traveling in collided with a coast guard patrol vessel off the Greek island of Chios, not far from the Turkish coast.
Four women were among the dead, while 24 survivors have been admitted to hospital in Chios.
Rights groups and international media have repeatedly accused Greece of illegally forcing would-be asylum seekers back into Turkish waters, backing their claims with video and witness testimonies.
Greek media and opposition parties have questioned the details of Tuesday’s crash, and the country’s ombudsman has called for “an impartial and thorough investigation,” stressing that the priority should always be “the protection of human life.”
On Thursday, the government said it fully backed the maritime agency.
“We have full confidence in the coast guard and we support them,” government spokesman Pavlos Marinakis told reporters.
Conservative Prime Minister Kyriakos Mitsotakis said he was expecting “a full investigation” into the crash.
In the meantime, he argued that preliminary details showed that “essentially, our coast guard ship was rammed by a much smaller boat.”
“This is a situation that happens quite frequently in the Aegean,” he told Foreign Policy, arguing that smugglers were endangering migrants’ lives.
Had Greek authorities not been present, more people would probably have died, he alleged.
The coast guard was “not a welcoming committee” for people seeking asylum in the European Union, he told the magazine.

- Questions -

Following the crash the coast guard said the pilot of the migrant boat had ignored signals and “made a U-turn maneuver” before colliding with the Greek patrol boat.
“Under the force of the impact, the speedboat capsized and then sank, throwing everyone on board into the sea,” the agency said.
So far, none of the hospitalized survivors have testified directly.
One of them, a 31-year-old Moroccan man, was to be questioned by police as a possible smuggler.
Several Greek media outlets, including To Vima and private TV channel Mega, have reported the victims died of severe head injuries.
Some news organizations have questioned why the patrol boat’s thermal camera was not switched on.
“The captain of the patrol boat judged it unnecessary because the migrants’ speedboat had already been detected by a camera on shore and a spotlight,” government spokesman Marinakis said.
The port police released photos of the coast guard patrol vessel showing minor damage, but no images of the asylum seekers’ boat.

- ‘Obvious distress’ -

Abusive pushbacks have become the “norm” in Greece, medical charity Doctors Without Borders (MSF) said in 2023.
The crash off Chios was “not an isolated incident,” the Refugee Support Aegean charity said this week.
“Based on the available information and the initial announcement of the Hellenic Coast Guard, it appears that, instead of a search and rescue operation, an interception operation was deployed from the outset,” RSA said in a statement.
“This occurred while the refugees’ boat was in obvious distress, was overcrowded and was located at a short distance from the Greek coast,” the statement added.
It is far from the first time that international organizations have pointed the finger at Greece over how it treats migrant boats.
Eighteen of its coast guard members are being prosecuted for involuntary manslaughter due to negligence in the sinking of the trawler Adriana in June 2023.
The United Nations said around 750 people died in that tragedy — one of the worst migrant shipwrecks in the Mediterranean in the past decade.
In 2022, the European Court of Human Rights condemned Greece for its responsibility in the capsizing of a migrant boat off the islet of Farmakonisi in the Aegean Sea.
Eleven people died, including eight children.