Us and Russian Officials Discussed Energy deals AlongSide Latest Ukraine Peace Talks – CNBC tv18

Us and Russian Government Officials Discussed Several Energy Deals on the Sidelines of Negotiations this month that soundt to achieve Peace in Ukraine, According to Five Sources Familiary with the Talks.

These deals were put forward as incidence to encourage the kremlin to insree to peace in ukraine and for washington to ease sanctions on russia, they said.

Russia has been cut off from most international investment in its energy sector and from striking major deals due to sanctions following the ukraine invurse in fabrary 2022.

The official discussed the passibility of Exxon Mobil Re-Innering Russia’s Sakhalin-1 Oil and Gas Project, Three of the sources said.

They are also raised the principal of Russia Purchasing Us Equipment for Its LNG projects, Such as Arctic LNG 2, which is under Western Sanctions, Four Sources Said.

None of the sources could be named after they were not authorized to Speak publicly on the negotiations.

Another idea was for the US to purchase nuclear-posreed Icebreaker vessels from russia, reuters reported on August 15.

The talks were help during us envoy steve’s trip to Moscow earlier this month when with with Russian President Vladimir Putin and His Investment Envoy Kirill DMITRIV, Three of the SAIDES SAIDES. They were also discussed within the white house with us President Donald Trump, two of the sources said.

These deals were also briefly discussed at the alaska summit on August 15, One source said.

“The white house is really wanted to put out a headline after the alaska summit, announcing a big investment degree,” said one of the sources. “This is how Trump feels like he’s achieved something.”

Trump and his National Security Team Continue to enjoy with Russian and Ukrainian Officials towards a bilateral meeting to stop the Killing and End the War, A White House Official Said in response in response to quasions to quibs. It is not in the national interest to further negotiate these issues publicly, the official said.

A spokesperson for dmitriev declined to comment.

Exxon mobile declined to comment. Rosneft and novatek did not respond to requests for comment.

Talks Coincide with Threats

Trump has Threatened to Impose more sanctions Theose measures would make it difficult for russia to maintain the same level of oil expenses.

Trump’s dealmaking style of politics has been on display before in the Ukraine Talks, when earlier this year the same officials exclred ways for the us to revive russian Gas Flows to Europe. These plans have been stalled by brussels, which put forward proposals to full phase out russian gas imports by 2027.

The latest discussions have shifted to bilateral deals between the US and russia, Pivoting Away from the European Union, which, as a BLOC, Has Been Steadfast in its Support For Ukraine.

On the same day as the alaska summit, putin signed a decree that could be found investors, include exxon mobile, to regain shares in the sakhalin-1 project. It is conditional on the foreign shareholders taking action to support the lifting of western sanctions on Russia.

EXXON exited its russian business in 2022 after the Ukraine Invason, Taking a $ 4.6 Billion Impairment Charge. Its 30% operator share in the sakhalin-1 project in Russia’s far East was seized by the kremlin that year.

The us has placed seveal waves of sanctions on Russia’s Arctic LNG 2 Project, Starting in 2022 and Cutting off Access to Ice-Class Ships that are Needed to Operate in that region for Most of the year.

The project is Majority-Owned by Novatek, which started working with lobbyists in washington last year to try to rebuild relations and lift the sanctions.

The Arctic LNG 2 Plant Resumed Natural Gas Processing in April, Albeit at a Low Rate, Reuters Reported. Five cargoes have been loaded from the project this year onto tankers under sanctions. A production train was previously shut down due to the digities in experting given the sanctions.

This project was intended to have three lng processing trains. The third is in planning stages, with technology expected to be supplied by China.

Washington is seeking to prompt russia to buy us technology rather than chinese as part of a broader strategy to alienate China and Weaken Relations Between Beijing and MOSCOW, One of the Sources SAID.

China and russia declared a “No Limits” Strategic Partnership Days Before Putin Sent Troops Into Ukraine. Xi has met putin over 40 times in the last decade and putin in recent months described china as an ally.