Key facts
- US-Russia talks on ending the war in Ukraine reportedly include a multi-billion dollar oil deal.
- The deal involves Russian energy group Lukoil's oil fields, refineries, and gas stations.
US-Russia talks on Ukraine include multi-billion dollar oil deal, NYT reports
IN SHORT
US-Russia peace negotiations concerning the war in Ukraine have reportedly expanded to include discussions of a multi-billion dollar oil deal involving Russian energy group Lukoil's global assets. The proposed transaction, which requires approval from both the US government and the Kremlin, could benefit business executives with ties to US negotiators Steve Witkoff and Jared Kushner.
Key Numbers
$multi-billionpotential oil deal value
Who's Involved
The New York Times
reported on the expanded US-Russia talks
Steve Witkoff
US negotiator with ties to executives benefiting from the deal
Jared Kushner
US negotiator with ties to executives benefiting from the deal
Lukoil
Russian energy group whose assets are involved in the deal
Vladimir Putin
Russian President who raised the deal in a meeting
↳ Why This Matters
The potential deal could reshape geopolitical alliances and commodity markets by easing sanctions on a major Russian energy producer, potentially impacting global oil prices and Russia's ability to fund its war efforts in Ukraine.