The United States and Russia discussed the involvement of an American investor in the Nord Stream gas pipelines

Russian and American officials discussed the possibility of a United States investor becoming involved in the Nord Stream gas pipelines, which transported gas from Russia to Germany before the invasion of Ukraine, according to Reuters. Participants reportedly included Jared Kushner, special envoy of President Donald Trump, and Kirill Dmitriev, a close adviser to Russian leader Vladimir Putin.

Kushner and Dmitriev met in recent weeks in Moscow and New York. Sources cited by Reuters say that resuming gas shipments and selling the Nord Stream company to an American investor are still on the discussion agenda, although the scope of the negotiations is unclear.

The White House said that any agreement should be negotiated with the U.S. International Development Finance Corporation and the U.S. Treasury and should be profitable for taxpayers and companies. However, a U.S. official deemed a medium-term agreement unlikely, given the sanctions imposed by the United States and the European Union.

Before the war in Ukraine, Germany obtained more than half of its gas needs from Russia through Nord Stream. The pipelines were damaged by underwater explosions in September 2022. Reviving the project would face opposition from Berlin and other European states.

The discussions reportedly also addressed the European assets of Russian company Lukoil, which could be purchased by the DFC together with investors from Qatar and the United Arab Emirates, in exchange for lifting U.S. sanctions.

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