Taking for granted the annexation of Kherson, Zaporizhzhia, Donetsk and Luhansk by Russia, it can be considered that, of the 4 most important Ukrainian mineral resources, two will be strongly taken away by the annexation: metals and coal, given that large reserves of these elements are concentrated in Luhansk. The other two, gas and oil, are concentrated in Kharkiv and the Carpathians, and will be little affected.
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| Source: SecDev analysis |