According to participants at the Rebuilding Ukraine Forum held in Bucharest, leveraging Ukraine’s existing resource potential and enhancing its competitiveness within the global market requires an update of legislation governing critical minerals.
Experts emphasized that, in the absence of transparent regulations, established international partnerships, and a stable security environment, large-scale mining projects encounter significant constraints. Speakers observed that, despite Ukraine’s considerable reserves of critical raw materials, the current regulatory framework does not adequately meet the expectations of international investors and financial institutions. They underscored the need for clear procedures regarding access to mineral deposits, well-defined risk-sharing mechanisms, and robust guarantees for investment protection.
Furthermore, participants highlighted China’s predominant role in mineral processing as a notable risk factor for Western economies. Within this context, a strategic partnership between Ukraine and the US could facilitate the diversification of supply sources and attract both capital and technology. However, they cautioned that advancement in the extractive industries remains contingent upon the broader security situation.
At present, certain mineral-rich regions of Ukraine remain under Russian occupation, thereby presenting additional challenges to initiating and executing new investment projects.
https://ubn.news/what-is-essential-for-attracting-investment-in-ukraines-mining-sector/