>Three powerful businessmen—two Americans and a Russian—hunched over a laptop in Miami Beach last month, ostensibly to draw up a plan to end Russia’s long and deadly war with Ukraine.
>But the full scope of their project went much further, according to people familiar with the talks. They were privately charting a path to bring Russia’s $2 trillion economy in from the cold—with American businesses first in line to beat European competitors to the dividends.
>At his waterfront estate, billionaire developer-turned-special envoy Steve Witkoff was hosting Kirill Dmitriev, head of Russia’s sovereign-wealth fund and Vladimir Putin’s handpicked negotiator, who had largely shaped the document they were revising on the screen. Jared Kushner, the president’s son-in-law, had arrived from his nearby home on an island known as the “Billionaire Bunker.”
>Dmitriev was pushing a plan for U.S. companies to tap the roughly $300 billion of Russian central bank assets, frozen in Europe, for U.S.-Russian investment projects and a U.S.-led reconstruction of Ukraine. U.S. and Russian companies could join to exploit the vast mineral wealth in the Arctic. There were no limits to what two longtime adversaries could achieve, Dmitriev had argued for months: Their rival space industries, which raced one another during the Cold War, could even pursue a joint mission to Mars with Elon Musk’s SpaceX.
>For the Kremlin, the Miami talks were the culmination of a strategy, hatched before Trump’s inauguration, to bypass the traditional U.S. national security apparatus and convince the administration to view Russia not as a military threat but as a land of bountiful opportunity, according to Western security officials. By dangling multibillion-dollar rare-earth and energy deals, Moscow could reshape the economic map of Europe—while driving a wedge between America and its traditional allies.
>Dmitriev, a Goldman Sachs alumnus, had found receptive partners in Witkoff—Trump’s longtime golfing partner—and Kushner, whose investment fund, Affinity Partners, drew billion-dollar investments from the Arab monarchies whose conflict with Israel he had helped mediate.
>The two businessmen shared President Trump’s long-held approach to geopolitics. If generations of diplomats viewed the post-Soviet challenges of Eastern Europe as a Gordian knot to be painstakingly unraveled, the president envisioned an easy fix: The borders matter less than the business. In the 1980s, he had offered to personally negotiate a swift end to the Cold War while building what he told Soviet diplomats would be a Trump Tower across the street from the Kremlin, with their Communist regime as a business partner.
>[…]
>For many in the Trump White House, that blurring of business and geopolitics is a feature, not a bug. Key presidential advisers see an opportunity for American investors to snap up lucrative deals in a new postwar Russia and become the commercial guarantors of peace. In conversations with Witkoff and Kushner, Russia has been clear it would prefer U.S. businesses to step in, not rivals from European states whose leaders have “talked a lot of trash” about the peace effforts, one of these people said: “It’s Trump’s ‘Art of the Deal’ to say, ‘Look, I’m settling this thing and there’s huge economic benefits for doing that for America, right?’”
>A question for history will be whether Putin entertained this approach in the interest of ending the war, or as a ploy to pacify the U.S. while prolonging a conflict he believes is his place in history to slowly, ineluctably win.
>One sign that he may be serious is that some of his most-trusted friends, sanctioned billionaires from his St. Petersburg hometown—Gennady Timchenko, Yuri Kovalchuk and the Rotenberg brothers, Boris and Arkady—have sent representatives to quietly meet American companies to explore rare-earth mining and energy deals, according to people familiar with the meetings and European security officials. That includes reviving the giant Nord Stream pipeline, sabotaged by Ukrainian tactical divers, and under European Union sanctions.
>Earlier this year, Exxon Mobil met with Russia’s biggest state energy company, Rosneft, to discuss returning to the massive Sakhalin gas project if Moscow and Washington gave the green light.
>Elsewhere, a cast of businessmen close to the Trump administration have been looking to position themselves as new economic links between the U.S. and Russia.
Leoric on
So much for the “Rubio is trying to save Ukraine” theory. These scum bags should all be made destitute.
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Archived version: [https://archive.fo/QNsz6](https://archive.fo/QNsz6)
>Three powerful businessmen—two Americans and a Russian—hunched over a laptop in Miami Beach last month, ostensibly to draw up a plan to end Russia’s long and deadly war with Ukraine.
>But the full scope of their project went much further, according to people familiar with the talks. They were privately charting a path to bring Russia’s $2 trillion economy in from the cold—with American businesses first in line to beat European competitors to the dividends.
>At his waterfront estate, billionaire developer-turned-special envoy Steve Witkoff was hosting Kirill Dmitriev, head of Russia’s sovereign-wealth fund and Vladimir Putin’s handpicked negotiator, who had largely shaped the document they were revising on the screen. Jared Kushner, the president’s son-in-law, had arrived from his nearby home on an island known as the “Billionaire Bunker.”
>Dmitriev was pushing a plan for U.S. companies to tap the roughly $300 billion of Russian central bank assets, frozen in Europe, for U.S.-Russian investment projects and a U.S.-led reconstruction of Ukraine. U.S. and Russian companies could join to exploit the vast mineral wealth in the Arctic. There were no limits to what two longtime adversaries could achieve, Dmitriev had argued for months: Their rival space industries, which raced one another during the Cold War, could even pursue a joint mission to Mars with Elon Musk’s SpaceX.
>For the Kremlin, the Miami talks were the culmination of a strategy, hatched before Trump’s inauguration, to bypass the traditional U.S. national security apparatus and convince the administration to view Russia not as a military threat but as a land of bountiful opportunity, according to Western security officials. By dangling multibillion-dollar rare-earth and energy deals, Moscow could reshape the economic map of Europe—while driving a wedge between America and its traditional allies.
>Dmitriev, a Goldman Sachs alumnus, had found receptive partners in Witkoff—Trump’s longtime golfing partner—and Kushner, whose investment fund, Affinity Partners, drew billion-dollar investments from the Arab monarchies whose conflict with Israel he had helped mediate.
>The two businessmen shared President Trump’s long-held approach to geopolitics. If generations of diplomats viewed the post-Soviet challenges of Eastern Europe as a Gordian knot to be painstakingly unraveled, the president envisioned an easy fix: The borders matter less than the business. In the 1980s, he had offered to personally negotiate a swift end to the Cold War while building what he told Soviet diplomats would be a Trump Tower across the street from the Kremlin, with their Communist regime as a business partner.
>[…]
>For many in the Trump White House, that blurring of business and geopolitics is a feature, not a bug. Key presidential advisers see an opportunity for American investors to snap up lucrative deals in a new postwar Russia and become the commercial guarantors of peace. In conversations with Witkoff and Kushner, Russia has been clear it would prefer U.S. businesses to step in, not rivals from European states whose leaders have “talked a lot of trash” about the peace effforts, one of these people said: “It’s Trump’s ‘Art of the Deal’ to say, ‘Look, I’m settling this thing and there’s huge economic benefits for doing that for America, right?’”
>A question for history will be whether Putin entertained this approach in the interest of ending the war, or as a ploy to pacify the U.S. while prolonging a conflict he believes is his place in history to slowly, ineluctably win.
>One sign that he may be serious is that some of his most-trusted friends, sanctioned billionaires from his St. Petersburg hometown—Gennady Timchenko, Yuri Kovalchuk and the Rotenberg brothers, Boris and Arkady—have sent representatives to quietly meet American companies to explore rare-earth mining and energy deals, according to people familiar with the meetings and European security officials. That includes reviving the giant Nord Stream pipeline, sabotaged by Ukrainian tactical divers, and under European Union sanctions.
>Earlier this year, Exxon Mobil met with Russia’s biggest state energy company, Rosneft, to discuss returning to the massive Sakhalin gas project if Moscow and Washington gave the green light.
>Elsewhere, a cast of businessmen close to the Trump administration have been looking to position themselves as new economic links between the U.S. and Russia.
So much for the “Rubio is trying to save Ukraine” theory. These scum bags should all be made destitute.