Russia: Strategic developments in Moscow
Russia and the U.S. are discussing a multibillion-dollar oil deal - The New York Times The deal concerns the sale of Lukoil’s assets that were frozen abroad after U.S. sanctions were imposed. Potential buyers include a group involving Todd Boehly, an American investor close to President Trump who donated $2 million to support the U.S. president’s political efforts; two Middle Eastern groups that have done business with Kushner or Witkoff’s family; and an arm of the U.S. government itself. The NYT reports that the deal was discussed as part of the peace negotiations over Ukraine. According to sources, Putin raised the issue during a September 5 meeting with Witkoff and Kushner at the Kremlin. One source said Putin proposed moving forward with the deal to show Russians that they could do business with the U.S. The American side responded that it would work on the matter, viewing it as a way to strengthen relations with the Kremlin while also helping lower global energy prices. The potential value of the deal has not been disclosed. Lukoil previously valued its foreign assets at $20 billion. Because of U.S. sanctions, the purchase would require approval from the U.S. Treasury Department. The Trump administration would therefore play a decisive role in determining the buyer.
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