Russia seeks to entice Trump with a deal regarding its natural resources and market access.

The Kremlin has proposed an agreement on Russian natural resources to the U.S. presidential administration, according to Kirill Dmitriev, head of the Russian Direct Investment Fund and a member of the Russian delegation, before negotiations commenced in Saudi Arabia. Dmitriev stated that American oil companies may return to Russia, and the country is interested in collaborating on joint projects with the US in the Arctic.

Prior to Russia’s full-scale invasion of Ukraine, only Exxon Mobil, a large American company, operated in Russia. Following the imposition of sanctions, it announced its exit from the Sakhalin-1 project but was unable to sell its stake. Additionally, leading American oil service companies left the Russian market after 2022.

Dmitriev estimated that American IT and media companies incurred losses of $123B as a result of their exit from Russia, with the consumer sector and healthcare losing $94B, and the financial sector losing $71B. He also anticipates that several American companies will return to the Russian market in the second quarter of 2025.