The government will check licenses for deposits: who will lose extraction rights.

The government of Ukraine plans to conduct a large-scale check of companies that have received licenses for important deposits and to revoke permits from those who do not carry out extraction. The head of the government Yulia Svyrydenko noted that such facilities should deliver results or return to auction for new investors.

The Ministry of Economy and the State Geology and Subsoil Service have planned a comprehensive audit of subsoil users at strategic deposits. Svyrydenko emphasized that they intend to check the activities of companies and avoid inactivity.

In addition, the government is updating the conditions for competitions for the distribution of hydrocarbons, where a partner from the USA will have the right to buy out the products. This will help accelerate the recovery of the energy sector and attract foreign investment.

On May 1, an agreement was signed between Ukraine and the USA to create an Investment Fund for Reconstruction and Partnership in the field of minerals. The agreement provides for control over the subsoil and resources by Ukraine, as well as an equal partnership without a decisive vote.

The Fund will direct investments to Ukraine, infrastructural and processing projects, ensuring the protection of state control over resources.

The Ukrainian government is preparing to check companies that have received licenses for deposits and establish new rules in the field of subsoil use. At the same time, the involvement of foreign investments through partnership with the United States is also planned.