US-Russia talks on Ukraine include multibillion-dollar Lukoil deal, New York Times reports
A proposed deal for Lukoil assets would benefit Middle Eastern executives with ties to US negotiators Steve Witkoff and Jared Kushner, the New York Times reported.
Washington, United States. The Trump administration’s talks with Russia on ending the war in Ukraine have expanded to include a multibillion-dollar oil deal, the New York Times reported on Saturday. The proposed transaction would benefit Middle Eastern business executives with ties to US negotiators Steve Witkoff and Jared Kushner, according to the newspaper.
Proposed acquisition of Lukoil assets
The deal involves an extensive portfolio of oil fields, refineries and gas stations around the world owned by Russian energy group Lukoil (LKOH.MM), according to the report. It is contingent on approval from the US government and the Kremlin.
The group pursuing the transaction includes US investor and billionaire Todd Boehly, two Middle Eastern groups that have done business with Kushner or Witkoff’s family, and an arm of the US government, the newspaper said.
Discussion at the Kremlin
Russian President Vladimir Putin raised the deal during a September 5 meeting with Witkoff and Kushner at the Kremlin, the New York Times reported, citing people familiar with the meeting.
One of those people said Putin proposed completing the transaction as a way to show Russians they could do business with the United States.
Requests for comment
The White House, the US Treasury Department and Lukoil did not respond to requests for comment outside regular business hours.
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