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Originally published at CDM.press.
Kirill Dmitriev, Putin’s special envoy for investment, declared in a recent interview that the United States and Russia are discussing a much wider palette of business opportunities, and he claims that the U.S. Treasury Department has asked for his fund’s help with the diesel deal.
In video remarks that circulated on X this week, Dmitriev outlined the various types of goods and projects he said that Russia would continue to supply to the United States, in addition to uranium. These, he said, would include fertilizers, aluminum and rare earth metals, as well as “Arctic projects, energy projects and LNG projects” that he said were currently under discussion with the American side.
Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev said in the same video remarks that the Russian fund will be involved in processing payments for diesel fuel and in overcoming “purely tactical issues” for the sale, as requested by the U.S. Treasury Department. That is his account, and we could not find a Treasury statement confirming the request. What is on the record is that the Treasury’s Office of Foreign Assets Control issued General License 135 on October 9, authorizing transactions related to the sale, delivery, offloading and importation of Russian-origin diesel fuel.
He said the U.S. law, known as the Lindsey O. Graham Sanctioning Russia and Iran Act, signed by President Trump on September 18, “undoubtedly harms joint Russian-American projects.” He said the law, due to come into force in two days’ time, is increasingly recognized in the United States as “the wrong law.” The law calls for a 500 percent duty on Russian goods, subject to exceptions, and would introduce a large number of other restrictions. However, Trump used the very same law’s waiver authority to certify to Congress that waiving of duties and most of sanctions’ provisions would be in the national interest. The waivers would remain in place until either the President or Secretary of State decides on further steps.
Dmitriev suggested that the growing criticism from Ukraine of potential deals between Russia and the United States “has finally begun to have very significant consequences.” He said the hostility of the Ukrainian side “has effectively and significantly worsened relations between Ukraine and the United States.” He added that “we see President Trump’s reaction to this criticism.”
