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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.
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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...

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se7en.ws broke the news on Friday, October 16, 2026.
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