Post

Ben Norton
@bennorton.com

US Treasury Secretary Scott Bessent, a hedge fund billionaire, confirmed the Trump admin is imposing a plan that gives the US control over revenue from Ukraine's natural resources. The US will decide what investments are made (to benefit US corporations). This is economic colonialism.

Ben Norton
@bennorton.com

Hilariously, Bessent tries to justify this by revealing that "Zelenskyy proposed giving the US a stake in Ukraine’s rare earths elements and critical minerals on a visit to Trump Tower". So a US puppet offered his country's resources to his US imperial overlord. It's still economic colonialism.

Ben Norton
@bennorton.com

In a separate article, the FT notes that Bessent conveniently left out how much of Ukraine's mineral revenue will be paid to the US. A draft of the deal says Ukraine's fund will be set up “with the encumbrance (legal claim) of such revenues in favour of the United States”. The US will have control

2 reposts11 likes