Business asks authorities to disclose information about Ukraine’s subsoil
13 February 21:20
Business calls on the authorities to declassify information about mineral deposits in Ukraine.
The European Business Association has already appealed to the Cabinet of Ministers with a request to this effect, the EBA press service reported , Komersant ukrainskyi.
Today, information on the reserves and resources of many minerals in Ukraine is legally limited to “secret” or “for official use”.
In particular, this applies to data on deposits of diamonds, gold, lithium, titanium, platinum and other strategic materials.
“The business community is convinced that the removal of restrictions from the information will help attract non-state investment in the mining and processing industry without harming Ukraine’s national security,” the statement said.
According to experts of the EBA Subsoil Use Committee, maintaining the “secret” classification of balance sheet reserves and resources may hinder their development and reduce investor interest. This is especially critical when Ukraine lacks the necessary capital and modern technologies.
The association’s experts emphasize the importance of access to information, citing the experience of other countries.
“The U.S. Geological Survey regularly publishes data on available mineral reserves, and the European Union has an open platform Raw materials information system with information on critical raw materials. The removal of restrictions on geological information is especially relevant in the context of the Ukraine Facility program and the implementation of a strategic partnership with the EU in the raw materials sector,” the EBA noted.
