The United States and Russia are discussing a possible return of American companies to the Russian oil market. The Financial Times, citing informed sources, has written that after the end of the war, the White House and the Kremlin are considering restarting a joint oil investment on the coasts of Sakhalin Island and restoring the sale of Russian oil to Europe via the Druzhba pipeline.
The list of proposals goes further: the sale of Lukoil’s international assets to investors approved by the White House; an LNG plan in Alaska with participation from Russia’s Novatek; and the transfer of management of the Zaporizhzhia nuclear power plant on occupied Ukrainian territory to an American entity.
Exxon Mobil, the only U.S. company in the Sakhalin-1 project, has said it is negotiating over the seizure of its 30% share, but has no plan to return.
Europe has opposed easing sanctions before the end of the war. A European diplomat said: “It’s not about money. It’s about humiliation and control.”
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