What are the main challenges preventing investment in Ukraine's mining industry despite its vast mineral wealth?

Ukraine faces several significant barriers to mining investment beyond the immediate risks posed by Russia's invasion. According to the US State Department, widespread corruption remains a persistent issue that deters potential investors from engaging with the country's mineral resources sector. The country's bureaucratic inefficiencies and unreliable legal system create additional obstacles for international partnerships. Weak protection of property rights further compounds these challenges, making it difficult for investors to feel secure about their investments in Ukraine's mining operations. While Ukraine is actively working to privatize its mining sector, these systemic issues must be addressed to unlock the full potential of the country's critical rare earth minerals and other valuable resources essential for technology and clean energy industries.