Published 9 days ago • loading... • Updated 3 days ago
Russia, US to announce new joint initiatives soon, Putin envoy says
Dmitriev said the talks could lead to several new projects, including data centers powered by small nuclear reactors.
On October 9, President Donald Trump announced a deal for Russia to supply diesel to global markets, with Treasury waiving sanctions through April 2027.
Diesel prices reached $6.28 a gallon, up nearly 80 percent since January, prompting Trump to declare an "energy ceasefire" to stabilize domestic costs.
Trump promised 300,000 tons of diesel immediately followed by 3 million more, though consulting firm Baringa questioned if Russia could fulfill this with up to 45% of refining capacity offline.
Markets reacted minimally as Brent crude rose to nearly $108, with Goldman Sachs analysts noting the deal covers less than two weeks of United States demand.
Following a meeting with Witkoff in Petersburg on Wednesday, Russian President Vladimir Putin agreed in principle to three-way talks scheduled after November 10, though no date was fixed.
Russia and the United States are discussing several joint economic projects, including data centers that could be powered by small nuclear reactors, Kirill Dmitriev said on Friday...