Putin, Trump to announce several joint projects as Russian diesel returns to market
Russia and the United States are set to announce new initiatives beyond their recent diesel agreement. Discussions reportedly include collaborative data centre projects powered by Russian nuclear energy. Supplies of diesel have begun reaching international markets following the deal with the United States. Ukrainian President Volodymyr Zelenskyy has criticized the arrangement, expressing concerns…
Russian President Vladimir Putin's investment envoy Kirill Dmitriev announced on Friday that Russia and the United States are preparing to unveil new joint projects beyond their recently agreed diesel deal. The two countries are discussing collaborative data center initiatives, including facilities powered by electricity generated by Russian nuclear power plants. These projects are expected to be launched before the end of Russia's "special military operation" in Ukraine.
The announcement comes after the USA's recent deal to import diesel from Russia, with US President Donald Trump stating that the arrangement had been reached to help bring down fuel prices worldwide. Following this agreement, Russia partially lifted its ban on diesel exports on October 10. Kremlin sources reported that supplies of Russian diesel had begun reaching international markets on Thursday, potentially aiding in stabilizing oil markets, though not fully resolving the issue.
Dmitriev also mentioned that the US Treasury has instructed the Russian Direct Investment Fund (RDIF), which he leads, to facilitate payments tied to the agreement between Putin and US President Donald Trump on Russian diesel supplies. This development has drawn criticism from Ukraine, which has intensified attacks on Russian energy infrastructure to diminish the revenue supporting Moscow's war efforts in Ukraine.
Ukrainian President Volodymyr Zelenskyy opposed the diesel agreement, warning it could pave the way for a gas deal and questioned whether anyone else would stand up to such arrangements during a European Union summit in Brussels.
The outcome of these negotiations is expected to hinge on the banking system, individual perspectives, and the chemical industry, according to Zelenskyy.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
