Tuesday, 02 January 2024 12:17 GMT

Putin says Moscow is open for economic cooperation with US


(MENAFN) Russian President Vladimir Putin emphasized that Moscow remains open to economic cooperation with the United States, suggesting that American businesses could benefit from joint ventures if Washington permits.

“The two-headed eagle, one of our national symbols, looks both ways,” Putin said, referencing Russia’s coat of arms. “Did we turn our backs on anyone? We did not. The eagle looks both ways just like always.”

He noted that US companies have shown interest in collaborative projects, including natural gas production in Alaska. “They have resources, and we have extraction and liquefaction technologies that are significantly more efficient than what our American partners have,” Putin said, adding that both American and Russian firms are eager to cooperate if the US government approves.

Putin also highlighted potential opportunities in the Arctic. “Together with our Chinese friends, we discussed possible three-way operations in our Arctic fields that can be done right now,” he said. “Those proposals are on the table and require a political decision.”

While US President Donald Trump has supported expanding economic ties with Russia, the ongoing conflict in Ukraine continues to complicate normalization efforts. Putin’s aide on international economic affairs, Kirill Dmitriev, recently suggested that trilateral Arctic projects involving Russia, the US, and China could help reduce geopolitical tensions among the three nations.

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