Russia’s economic strategy in the occupied Ukrainian territories
29 April 19:30
War with Ukraine at the expense of Ukraine – Russia plans to systematically exploit mineral resources in the temporarily occupied territories to finance its military operations. This was reported by the Foreign Intelligence Service of Ukraine, "Komersant Ukrainian" reports.
According to the available information, the Russian authorities have developed a large-scale plan of geological exploration covering the occupied parts of Luhansk, Donetsk, Zaporizhzhia and Kherson regions.
The Ukrainian territories under occupation are extremely rich in strategically important minerals. Of particular value are:
- The Shevchenkivske lithium deposit in Donetsk region with reserves of 13.8 million tons of ore, where the concentration of lithium oxide reaches about 1.2%.
- Titanium deposits in Zaporizhzhia region, which account for about 20% of the world’s reserves of this metal.
- Significant deposits of graphite, manganese, molybdenum, tungsten, and uranium.
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Russian plans call for exploration of about 70 different sites in the occupied territories. The occupation authorities expect that the economic effect of these geological projects could bring more than $11.2 billion in tax revenues to the Russian budget by 2030.
In addition to direct financial benefits, Moscow seeks to use Ukrainian resources to reduce its dependence on imports of rare earth metals from 75% to 45% by 2030. Russia plans to increase production of these strategic metals to 50 thousand tons annually.
“The actual consolidation of Russia’s economic control over the TOT of Ukraine once again shows that Moscow has no intention of negotiating a real end to the war or compromises,”
– the Foreign Intelligence Service believes.
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