US, Russia said to discuss deals for major US oil firms
The proposals would tie sanctions relief and market access to a broader peace framework, while European officials warn the deals could weaken pressure on Moscow.
- The US and Russia are discussing potential postwar business deals to bring Vladimir Putin into negotiations to end the war in Ukraine, according to The Financial Times. Proposals involve American oil majors, aviation, titanium, and sanctions relief.
- US special envoy Steve Witkoff discussed potential arrangements with Putin during a September meeting in St. Petersburg; during a Moscow visit last week, photographs showed "Business Deals" written on Witkoff's notepad.
- Proposals extend beyond oil to include restoring US airline access to Russian airspace and reviving titanium cooperation, alongside a proposal to transfer management of the Russian-occupied Zaporizhzhia Nuclear Power Plant to a US entity.
- European officials have repeatedly opposed lifting sanctions or striking economic deals with Moscow before the war ends, stressing that decisions affecting EU interests cannot be made without European participation.
- Planned trilateral talks involving Ukraine, the US, and Russia are scheduled for next month in Abu Dhabi; meanwhile, ExxonMobil, which previously held a 30% stake in Sakhalin-1, has not indicated plans to return to Russia.
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Trump Eyes Oil Deals With Putin To End Ukraine War: Report
The discussions between Washington and Moscow include the possible return of American companies to Russia's oil industry once the conflict ends. The proposals also cover the resumption of Russian oil sales to Europe and fresh cooperation in other industries.
The Kremlin is trying to squeeze economic concessions from the United States and renew and expand business relations with Russia. But it is adamantly refusing any compromises that could end Vladimir Putin's war of aggression against Ukraine.
Nuclear power for AI data centres is also a topic.
The deals are intended to act as an incentive for Russia to end the war, FT sources say.
US will not pressure Ukraine over territory at Abu Dhabi talks, while discussing business deals with Russia – FT
The US will not pressure Ukraine into territorial concessions during trilateral talks in Abu Dhabi in November, while also discussing with Russia the return of American companies to the Russian oil market after the war ends.
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