US-Russia talks on Ukraine involve multi-billion dollar oil deal, NYT reports
The proposed sale would lift U.S. sanctions on Lukoil assets and could raise their value, The New York Times reported.
- On Saturday, the New York Times reported that President Donald Trump's administration has expanded Ukraine peace talks to include a multibillion-dollar sale of Lukoil's international oil assets involving envoys Steve Witkoff and Jared Kushner.
- The proposed transaction, estimated at around $20 billion, covers Lukoil's global network of oil fields, refineries, and gas stations, requiring formal approval from both the United States and the Kremlin to proceed.
- Russian President Vladimir Putin raised the sale during a Sept 5 meeting with Witkoff and Kushner, proposing the deal to demonstrate that Russians could continue conducting business with the United States.
- Investor Todd Boehly is leading a consortium, including Middle Eastern partners and an arm of the United States government, that is actively pursuing the acquisition of these assets.
- The White House, the Treasury Department, and Lukoil did not respond to requests for comment regarding the reports, which link the transaction to business executives with ties to U.S. negotiators.
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227 Articles
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The Trump administration’s Ukraine talks now reportedly include a multibillion-dollar oil deal. Executives with Witkoff and Kushner ties are involved
When Steve Witkoff and Jared Kushner sat down with President Vladimir V. Putin at the Kremlin on Sept. 5, the Russian leader raised a sale of Lukoil assets, according to three people familiar with the meeting. One of them said Putin framed the transaction as a way to show Russians that they can do business with the United States. The Americans said they would work on it, that person said, treating the idea as a chance to build goodwill and push …
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