US and Russia discuss multibillion-dollar Lukoil oil deal, NYT reports
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The United States and Russia are in talks over a multibillion-dollar oil deal involving Lukoil's global assets, The New York Times reported. The discussions were raised by President Vladimir Putin during a September 5 Kremlin meeting with US negotiators Steve Witkoff and Jared Kushner. The deal could benefit Middle Eastern executives tied to Witkoff and Kushner.
Key Facts
- The New York Times reported that US-Russia talks on ending the Ukraine war now include a multibillion-dollar oil deal involving Lukoil's global assets.
- President Vladimir Putin raised the oil deal during a September 5 Kremlin meeting with Steve Witkoff and Jared Kushner, according to three people familiar with the meeting.
- The deal could benefit Middle Eastern executives connected to Witkoff and Kushner, the two main US negotiators.
- Lukoil's assets include oil fields, refineries, and gas stations worldwide.
The Reported Deal
The New York Times reported that US-Russia negotiations on ending the Ukraine war have expanded to include a multibillion-dollar oil deal involving Lukoil's global assets. The deal would benefit Middle Eastern executives linked to Steve Witkoff and Jared Kushner, the two main US negotiators. Lukoil's holdings include oil fields, refineries, and gas stations across the world.
Kremlin Meeting
President Vladimir Putin raised the oil deal during a September 5 Kremlin meeting with Witkoff and Kushner, according to three people familiar with the meeting. Presidential aide Yuri Ushakov said the participants discussed possible joint projects beneficial to both Washington and Moscow.
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