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Putin envoy says US asked Russian wealth fund to help implement diesel deal

Putin envoy says US asked Russian wealth fund to help implement diesel deal
— Photo: Anadolu Agency

Kirill Dmitriev said the US Treasury sought help from the Russian Direct Investment Fund with payments and other practical matters related to the agreement. He also said Russia and the US are discussing joint energy and data centre projects.

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Russia said on Friday that the US Treasury Department had asked its sovereign wealth fund to help implement a diesel supply agreement between Moscow and Washington announced last week, according to Anadolu Agency.

Speaking at the Russian Energy Week conference in Moscow, presidential envoy Kirill Dmitriev said the Treasury had approached the Russian Direct Investment Fund (RDIF) for help processing payments and resolving what he called “purely tactical matters” related to the deal.

“The Russian Direct Investment Fund will work to ensure that all payments are efficient and, consequently, reach their intended recipients,” Dmitriev said, according to remarks published by Russian media outlets, including state news agency RIA. He is also the RDIF’s chief executive.

Last Friday, US President Donald Trump announced the diesel supply agreement after a phone call with Russian President Vladimir Putin. Under the deal, Moscow agreed to provide fuel to the US and global markets.

Putin said Russian diesel supplies to the US and global markets would benefit the world economy. Ukrainian President Volodymyr Zelenskyy criticized the agreement, warning that easing restrictions on Russian diesel exports could help finance Moscow’s war effort.

Dmitriev said the US Energy Department had already identified certain Russian companies that would supply diesel fuel to the US.

On relations between Moscow and Washington, Dmitriev said the two countries would soon announce “further important initiatives.” He described the diesel agreement as an example of “the ice finally beginning to break.”

“We have a large, broad scope of projects underway. Naturally, things are quite difficult; there is resistance – at times, significant resistance – from various quarters,” he said.

Dmitriev said Russia and the US were discussing joint energy projects related to the Arctic, liquefied natural gas and other areas. He added that they were negotiating joint projects involving data centres, including facilities that would use energy generated by Russian nuclear power plants.

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