The Memorandum on Strategic Partnership in the Raw Materials Sector between Ukraine and the European Union was signed by the Prime Minister of Ukraine and the Vice-President of the European Commission

Roman Opimakh, Director General of the Ukrainian Geological Survey, took part in the High-Level Conference “Strategic Partnership between the European Union and Ukraine in Critical Raw Materials and Batteries” organized by the Government of Ukraine and the European Union Delegation to Ukraine.

The Prime Minister of Ukraine Denys Shmygal, Vice President of the European Commission Maroš Šefčovič, representatives of the Ukrainian Government, ambassadors, CEOs of Ukrainian and European enterprises, business associations took part in the event.

“The strategic partnership will allow us to deepen our cooperation in the field of raw materials. Significant potential of mineral resources in Ukraine, as well as the need to modernize the mining and processing industry of Ukraine, improvement of the legislative and administrative base for investors will be a strong basis for our partnership, ” — said Denys Shmygal.

During the Conference, the Prime Minister of Ukraine Denis Shmygal and the Vice President of the European Commission Maroš Šefčovič signed a Memorandum on Strategic Partnership in the Raw Materials Sector between Ukraine and the European Union and a respective roadmap thereto.

“An important cooperation between Ukraine and the EU in the development of critical materials has been launched,” said Roman Opimakh. — Ukraine has significant minerals’ resources. We have 20 of the 30 critical minerals from the EU’s list of critical elements. These are lithium, titanium, zirconium, tantalum, niobium, nickel, cobalt and others. We invite foreign investors to explore and develop the deposits of critical raw materials by participating in electronic auctions, as well as to join existing projects at already licensed blocks through business partnership.”

Strategic cooperation with the European Union is an important step towards deepening relations in the political and economic spheres. Implementation of projects in critical raw materials and batteries  sector with the support of international investments will allow Ukraine to integrate the E&P industry into modern high-tech processes and ensure a sustainable green transition.