At its session on February 14, the Government has endorsed a list of minerals that are of strategic importance for the economy and defense, and their deposits. Prime Minister Denys Shmyhal announced in his opening statement.
“These are vanadium, lithium, titanium, uranium, and salt. 26 deposits will be made available for use under production sharing agreements. This will create broad opportunities for investors to implement a project, and the state will receive its share to be used to develop the Ukrainian economy,” told the Head of Government.
Besides, the Cabinet of Ministers approved a draft law on minimum oil and petroleum products reserves. According to the Prime Minister, a diversified storage system will be created. In the event of a crisis, the country will have reserves covering at least 61 days of domestic consumption.
“This will allow businesses, citizens, and the entire country to face any challenges in the fuel sector with confidence. The draft law provides for clear interaction between the state and business, defining the issues of storage, security, monitoring, and reporting. Creating minimum stocks of oil and petroleum products is a matter of national security that is relevant now, but will remain just as important after our victory and the end of the war,” stressed Denys Shmyhal.