Putin's special envoy confirmed that Russia is offering the US a multi-trillion dollar deal for the lifting of sanctions
Kirill Dmitriev, Special Representative of the President of Russia and head of the Russian Direct Investment Fund, stated that if American sanctions are lifted, the US could gain access to joint projects with Russia worth over $14 trillion.
Kirill Dmitriev and US Special Presidential Envoy Steve Witkoff. Photo: Vyacheslav Prokofyev, Sputnik, Kremlin Pool. Photo via AP, File
"The US will eventually lift sanctions because sanctions against Russia have cost American companies over $300 billion. Lifting sanctions against Russia is in the US interest," Dmitriev wrote on social network X.
He was commenting on a publication in The Economist magazine, which claimed that Moscow offered Washington projects worth approximately $12 trillion in exchange for the lifting of restrictions.
According to the publication's sources, during negotiations to end the war in Ukraine, the Kremlin offered people close to Donald Trump's family stakes in Russian energy and infrastructure projects. Among these were oil and gas extraction in the Arctic, development of rare-earth metal deposits, creation of a nuclear-powered data center, and the construction of a tunnel under the Bering Strait.
It was also reported that before Vladimir Putin's meeting with Trump in Alaska last August, a document was prepared for the Russian Security Council with proposals on how to present the US with a "grand economic deal." In it, Russia was described as a source of vast Arctic and northern resources that could attract investments from the US and other countries.
At the same time, The Economist notes that even if imports returned to 2021 levels and American companies secured half of all foreign business in Russia, annual profits would be around $340 billion. To reach the stated $12 trillion, such revenues would need to be sustained for many decades. The publication also emphasizes that the restoration of broad economic cooperation could aid the recovery of the Russian economy and create risks for future security.
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