Russia's Wealth Fund Predicts U.S. Corporate Comeback in 2025

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Russia's sovereign wealth fund anticipates that several U.S. companies could return to the Russian market as soon as the second quarter of 2025, according to its chief, Kirill Dmitriev. This comes after a high-level meeting between U.S. and Russian officials regarding the ongoing Ukraine war.

During these talks, Russia laid out its demands, including the cancellation of NATO's 2008 pledge to potentially offer Ukraine membership and rejecting the idea of NATO forces acting as peacekeepers.

U.S. President Donald Trump, who has voiced intentions to end the war, hinted at a possible meeting with Russian President Vladimir Putin this month and downplayed Ukraine's concerns about being excluded from discussions held in Saudi Arabia. With the U.S. and Russia engaging again after a major diplomatic crisis, some in Russia are hopeful that economic ties will resume as well.

Dmitriev stated that the Russian Direct Investment Fund expects American companies to begin returning by mid-2025, but noted that the process would be challenging due to domestic players already filling the gaps left by foreign companies after Western sanctions.

Following the imposition of severe sanctions by the West, Russia quickly adapted and domestic companies took over market share previously held by international firms.

The Riyadh talks led to an agreement for U.S. and Russian officials to form negotiation teams for future discussions, with the aim of restoring diplomatic relations and addressing broader global issues caused by the previous U.S. administration.

Meanwhile, Ukrainian President Volodymyr Zelenskiy postponed his visit to Saudi Arabia to avoid legitimizing the U.S.-Russia talks. U.S. Defense Secretary Pete Hegseth also told NATO allies that it was unrealistic for Ukraine to join NATO as part of a settlement with Russia and that the goal of restoring Ukraine's internationally recognized borders was unrealistic.

 

 

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author