minerals, ukraine, us, deal, rejected, trade, titanium, coal, criticism
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minerals, ukraine, us, deal, rejected, trade, titanium, coal, criticism
According to a report by the New York Times, Ukraine’s parliament has rejected a proposed deal between American and Ukrainian firms to produce titanium and transport coal. The proposed partnership between United States Steel Corp. and Ukraine’s Antonovych Mining and Chemical Holding sparked criticism from opposition party leaders, who asked Prime Minister Yulia Tymoshenko to appeal the agreement. The deal was meant to ease the potential ban on western companies purchasing coal from Donetsk state-owned firms, which have been accused of inadequate safety standards. However, opponents of the deal argued against its approval, citing concerns over the weak financial situation of Antonovych Mining and Chemical Holding, as well as allegations of corruption and mismanagement at the firm. In response, Prime Minister Tymoshenko asked her party, the Party of Regions, not to support the motion, which was then withdrawn by the authors before a parliamentary vote.
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