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ExxonMobil Held Secret Talks With Russia on Oil Return
Energy deals including ExxonMobil's return to Sakhalin-1 and U.S. equipment sales for Arctic LNG 2 were proposed to incentivize Russia's peace agreement with Ukraine, sources said.
- U.S. and Russian government officials this month discussed several energy deals on the sidelines of Ukraine peace talks in Moscow and inside the White House, Reuters and five sources reported.
- As part of the Ukraine diplomacy this month, officials framed energy deals as incentives to persuade President Vladimir Putin toward peace and to ease sanctions, shifting from the European Union's 2027 phase-out target.
- During U.S. envoy Steve Witkoff's trip to Moscow earlier this month, officials discussed ExxonMobil's potential return to Sakhalin-1 after the Aug. 15 decree, Arctic LNG 2 equipment sales, and U.S. purchase of Russian nuclear-powered icebreaker vessels.
- Despite those proposals, no breakthrough has occurred since the Alaska summit, and any U.S. re-entry to Russia would face opposition from U.S. Congress and the European Union while energy incentives may shape the next negotiation round.
- Washington's aim to shift Russia toward U.S. technology suggests weakening the Moscow-Beijing partnership, while Russian energy projects struggle under sanctions, so restoring Western investment would reshape global energy markets.
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gCaptainUS and Russian Officials Discussed Energy Deals Alongside Latest Ukraine Peace Talks
LONDON, Aug 26 (Reuters) - U.S. and Russian government officials discussed several energy deals on the sidelines of negotiations this month that sought to achieve peace in Ukraine, according to five sources familiar with the talks.
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Total News Sources59
Leaning Left6Leaning Right13Center12Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 19%
C 39%
R 42%
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