US Senator Warns of Russia’s Intent to Divide a $10-12T Mineral Fortune in Ukraine with China

US Senator Lindsey Graham, a member of the Republican party, has voiced concerns over the future of Ukraine’s mineral wealth amid the ongoing conflict. He stressed that the United States should aid Ukraine to win the war, to prevent Russia and China from controlling the country’s mineral deposits, which are estimated to be worth between $10 and $12 trillion. “Ukraine could become the wealthiest nation across Europe. I am against allowing Putin and China to split these valuable assets,” said Senator Graham. He went on to state that a victorious Ukraine could emerge as an excellent business ally for the United States. Importantly, the region of Donbas is recognized for its abundant coal reserves, particularly the high-grade anthracite coal, which is essential in energy production and metallurgy. In the areas currently under occupation, these mines hold 71% of the region’s anthracite coal. In 2013, before the onset of the conflict, there were 151 operating mines in the Donbas, but by 2022 the number had drastically reduced to just 33 active mines.

 

Ukraine’s mineral wealth, particularly in regions such as Donbas, is significant due to its potential value estimated at $10-12 trillion. These minerals, especially coal, can greatly contribute to the country’s economy and are critical for various industries, such as energy and metallurgy.

Senator Lindsey Graham suggested that the United States should support Ukraine in its conflict to prevent these mineral resources from falling under Russian and Chinese control. He highlighted that Ukraine, if aided to victory, could be a pivotal business partner for the U.S.

The Donbas region is particularly known for its sizable coal deposits, including the extensively sought after anthracite coal, which is used in both the energy sector and in metallurgy.

In 2013, before conflict erupted, Donbas had 151 operating mines. By the end of 2022, due to the war and occupation, the number had plummeted to only 33 remaining operational mines.

Controlling Ukraine’s mineral wealth would not only be an economic boost for Russia and China but could also supply them with important strategic resources, potentially altering the balance of power in the region and impacting global markets.