US-Russia Talks To End Ukraine War Now Involves A Massive Oil Deal: Report
The deal, which is contingent on approval from the US government and the Kremlin, involves a sprawling set of oil fields, refineries and gas stations around the world owned by Russian energy group Lukoil
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- Trump administration talks with Russia on Ukraine now include a multibillion-dollar oil deal
- The deal involves Lukoil's global oil fields, refineries, and gas stations pending US and Kremlin approval
- US investor Todd Boehly and Middle Eastern groups linked to Kushner and Witkoff are involved in the deal
How could Ukraine react to this oil deal?
The Trump administration's talks with Russia on ending the war in Ukraine have expanded to include a multibillion-dollar oil deal that would benefit Middle Eastern business executives with ties to US negotiators Steve Witkoff and Jared Kushner, the New York Times reported on Saturday.
The deal, which is contingent on approval from the US government and the Kremlin, involves a sprawling set of oil fields, refineries and gas stations around the world owned by Russian energy group Lukoil, according to the report.
The White House, the US Treasury Department and Lukoil didn't respond to requests for comment outside regular business hours.
The group pursuing the deal includes US investor and billionaire Todd Boehly, two Middle Eastern groups that have done business with Kushner or Witkoff's family, and an arm of the US government, the newspaper said.
Russian President Vladimir Putin raised the deal during a September 5 meeting with Witkoff and Kushner at the Kremlin, the NYT said citing people familiar with the meeting. Putin proposed completing the deal as a way to show Russians they could do business with the United States, one of the people said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Got a follow‑up question on this article? Go on
- What role would the US government agency play in the deal?
- Could this agreement violate current sanctions against Russian energy companies?
- How might US lawmakers respond to potential conflict of interest concerns?
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Trump Administration, Russia Ukraine War, Oil Deal