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OIL: US-RUSSIA: Trump-Putin Discussing Major Economic Development Transactions

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US-RUSSIA: Trump-Putin Discussing Major Economic Development Transactions - Trump

US President Donald Trump has issued a statement on Truth Social, following a virtual meeting of G7 leaders, claiming that he is in "serious discussions" with Russian President Vladimir Putin on ending the war in Ukraine.
 

  • Trump: "I am in serious discussions with [Putin] concerning the ending of the War, and also major Economic Development transactions which will take place between the United States and Russia. Talks are proceeding very well!" 
     
  • Trump noted that he emphasized to G7 leaders, "the importance of the vital “Critical Minerals and Rare-Earths Deal” between the United States and Ukraine, which we hope will be signed very soon!"
     
  • Trump says the “Economic Partnership,” will "ensure the American people recoup the Tens of Billions of Dollars and Military Equipment sent to Ukraine, while also helping Ukraine’s economy grow as this Brutal and Savage War comes to an end."
     
  • Trump and Macron will now have two bilateral sessions and then appear together for a joint press conference at 14:00 ET 19:00 GMT. Following the presser, Macron will meet with US Senators at 16:00 ET 21:00 GMT.  
     
  • The comment appears another significant signal from Trump that he intends to restore economic ties with Russia. It is unclear what level of economic cooperation the Trump administration envisages, with Moscow suggesting US companies return to Russia's O&G sector.
     
  • Experts cited by the New York Times note that even in the event of a ceasefire agreement, Russia's challenging business environment may prevent a quick return to pre-war operations.
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US-RUSSIA: Trump-Putin Discussing Major Economic Development Transactions - Trump

US President Donald Trump has issued a statement on Truth Social, following a virtual meeting of G7 leaders, claiming that he is in "serious discussions" with Russian President Vladimir Putin on ending the war in Ukraine.
 

  • Trump: "I am in serious discussions with [Putin] concerning the ending of the War, and also major Economic Development transactions which will take place between the United States and Russia. Talks are proceeding very well!" 
     
  • Trump noted that he emphasized to G7 leaders, "the importance of the vital “Critical Minerals and Rare-Earths Deal” between the United States and Ukraine, which we hope will be signed very soon!"
     
  • Trump says the “Economic Partnership,” will "ensure the American people recoup the Tens of Billions of Dollars and Military Equipment sent to Ukraine, while also helping Ukraine’s economy grow as this Brutal and Savage War comes to an end."
     
  • Trump and Macron will now have two bilateral sessions and then appear together for a joint press conference at 14:00 ET 19:00 GMT. Following the presser, Macron will meet with US Senators at 16:00 ET 21:00 GMT.  
     
  • The comment appears another significant signal from Trump that he intends to restore economic ties with Russia. It is unclear what level of economic cooperation the Trump administration envisages, with Moscow suggesting US companies return to Russia's O&G sector.
     
  • Experts cited by the New York Times note that even in the event of a ceasefire agreement, Russia's challenging business environment may prevent a quick return to pre-war operations.