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Russia Publicly Pitches $14 Trillion U.S. Projects for Sanctions Relief

U.S. officials have not confirmed the offer.

Overview

  • Kirill Dmitriev said on Feb. 18 that lifting U.S. sanctions would open more than $14 trillion in joint projects with Russia.
  • The Economist previously reported a roughly $12 trillion proposal that included potential stakes for people close to President Trump, which remains unconfirmed.
  • President Volodymyr Zelensky revealed the so-called “Dmitriev package” on Feb. 6 as Kyiv warned of risky trade-offs tied to a Ukraine deal.
  • The White House has twice declined to confirm any proposal, while Kremlin spokesman Dmitry Peskov stopped short of denying it and called cooperation a natural extension.
  • Bloomberg, citing an internal Russian memo, reported that Moscow seeks restored access to dollar payments, which would reverse recent de-dollarization.