Secretary Marco Rubio attends a meeting with U.S. Middle East envoy Steve Witkoff, National Security Advisor Mike Waltz, Saudi Arabia's Foreign Minister Prince Faisal bin Farhan al-Saud, and National Security Advisor Mosaad bin Mohammad al-Aiban, at Diriyah Palace in Riyadh, Saudi Arabia, February 18, 2025. (Official State Department photo by Freddie Everett)
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In a potential bargaining move, the Kremlin may offer Trump that Moscow is willing to scale back its ties with China in exchange for concessions from Washington, reported The Moscow Times.

Russia believes that American oil companies may return to the country, and is also interested in joint projects with the United States in the Arctic, Kirill Dmitriev, head of the Russian Direct Investment Fund, said before the talks in Saudi Arabia, reported The Moscow Times.

According to Dmitriev, one of three delegates selected by Vladimir Putin to meet with the Americans in Riyadh, Moscow considers it important to resume economic cooperation with the United States.

Major oil companies from the United States had “very successful business ” in Russia, Dmitriev said: “We believe that at some point they will return, because why would they refuse the opportunity to access Russian natural resources that Russia gave them? ”

“We also need to do joint projects, including, for example, in the Arctic and in other areas, joint projects will allow us to be more successful, ” Dmitriev continued. According to him, American companies allegedly lost $300 billion from sanctions against Russia, and the Biden administration "gave a lot of wrong messages" about the state of the Russian economy (quotes from Interfax and TASS).

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