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How is Ukraine planning to use its mineral resources for economic recovery despite the challenges posed by the ongoing war with Russia?

Ukraine's President Zelensky has proposed a mining deal that would leverage the country's vast mineral wealth, including 7% of the world's titanium reserves, as a pathway to economic recovery. This strategy aims to attract international investments and partnerships that could help stabilize Ukraine's economy in the post-war period. However, significant challenges complicate this plan. Approximately 40% of Ukraine's mineral resources are currently under Russian control, including most coal deposits that previously powered the steel industry and the mineral-rich Crimean Peninsula annexed in 2014. The success of any mining deal depends on resolving these territorial disputes and addressing issues of government corruption and political instability. The proposal represents Ukraine's attempt to transform its natural resource advantage into economic leverage while navigating complex geopolitical realities and securing the international support necessary for meaningful recovery.

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03:58

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Zelensky's Mining Deal Proposal

Al Jazeera English·7 months ago

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