U.S. negotiators Steve Witkoff and Jared Kushner discussed a potential multibillion-dollar transaction involving Russian oil giant Lukoil during a September 5 meeting with President Vladimir Putin, broadening peace talks to include energy assets.
The Trump administration’s negotiations with Russia over ending the war in Ukraine have expanded to include a possible multibillion-dollar agreement covering assets of the Russian oil giant Lukoil. According to three sources familiar with the meeting, President Vladimir Putin raised the proposal during a September 5 session in the Kremlin with Trump’s special envoys, Steve Witkoff and Jared Kushner. The New York Times reported that the discussion marks the first time a major Russian energy asset has been tied to the peace talks.
Putin presented the deal as a signal that Russia can conduct business with the United States, and the American side responded that it would work on the arrangement. Officials view the prospective transaction as a lever to improve bilateral ties and to help lower global energy prices, linking the commercial initiative to the broader diplomatic effort to halt the conflict.
The meeting follows earlier visits by Witkoff and Kushner that yielded little progress, and the Kremlin has expressed deep skepticism about such channels. The latest development reflects a strategy of intertwining economic incentives with diplomatic outreach, though the approach remains tentative and unverified by official channels.
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