403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
US Eyes Russian Energy Revival as Part of Ukraine Reconstruction Plan
(MENAFN) The Trump administration has unveiled controversial plans to reintegrate Russian energy into global markets while leveraging frozen assets for Ukraine's reconstruction, media reported Wednesday.
Documents circulated to European partners in recent weeks outline a sweeping economic framework that would grant American corporations access to approximately $200 billion in seized Russian state funds, according to the report. These resources would finance Ukrainian infrastructure projects, including a massive data center powered by electricity from the Russian-controlled Zaporizhzhia nuclear facility.
The blueprint envisions American firms penetrating critical Russian industries—from rare-earth mineral extraction to Arctic petroleum development—while simultaneously restoring Russian energy exports to Western European and international markets.
European diplomats who examined the materials expressed skepticism about the initiative's feasibility. One official drew parallels to President Donald Trump's previous proposal to transform Gaza into a Mediterranean-style tourism destination, the newspaper noted.
A separate European representative characterized the envisioned US-Russia energy partnership as reminiscent of an economic "Yalta-style" deal.
The account reveals that European authorities prefer deploying frozen Russian assets held within Europe as collateral for Ukrainian loans covering critical military procurement and governmental functions.
European policymakers voiced concerns that Washington's strategy undermines the continent's dual objectives of sustaining Ukrainian defense capabilities and maintaining Russia's economic isolation. This apprehension has triggered accelerated diplomatic activity across European capitals as officials attempt to shape terms before American negotiators finalize arrangements.
American representatives countered that Europe's lending model would deplete the frozen funds entirely, whereas the US proposal would engage major financial institutions to substantially grow the asset pool—potentially reaching $800 billion.
Documents circulated to European partners in recent weeks outline a sweeping economic framework that would grant American corporations access to approximately $200 billion in seized Russian state funds, according to the report. These resources would finance Ukrainian infrastructure projects, including a massive data center powered by electricity from the Russian-controlled Zaporizhzhia nuclear facility.
The blueprint envisions American firms penetrating critical Russian industries—from rare-earth mineral extraction to Arctic petroleum development—while simultaneously restoring Russian energy exports to Western European and international markets.
European diplomats who examined the materials expressed skepticism about the initiative's feasibility. One official drew parallels to President Donald Trump's previous proposal to transform Gaza into a Mediterranean-style tourism destination, the newspaper noted.
A separate European representative characterized the envisioned US-Russia energy partnership as reminiscent of an economic "Yalta-style" deal.
The account reveals that European authorities prefer deploying frozen Russian assets held within Europe as collateral for Ukrainian loans covering critical military procurement and governmental functions.
European policymakers voiced concerns that Washington's strategy undermines the continent's dual objectives of sustaining Ukrainian defense capabilities and maintaining Russia's economic isolation. This apprehension has triggered accelerated diplomatic activity across European capitals as officials attempt to shape terms before American negotiators finalize arrangements.
American representatives countered that Europe's lending model would deplete the frozen funds entirely, whereas the US proposal would engage major financial institutions to substantially grow the asset pool—potentially reaching $800 billion.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment