The decision by Donald Trump to hold peace talks with Russia on ending the Ukraine war – without Ukraine actually being present – is starting to look even more disgraceful. It transpires that the war was not the only item on the agenda in Saudi Arabia on Tuesday.
A significant part of the day’s business seems to have been discussing oil deals in the Arctic. According to Kirill Dmitriev, who heads the Russian Direct Investment Fund, the Russian and US delegations took the opportunity to talk about reviving joint exploratory operations such as that between Rosneft and Exxon Mobil, which was called off in 2018 following the imposition of sanctions against Putin. Trump was in his first presidency at the time.
There are good reasons why the US and Russia should want to cooperate over Arctic oil and gas
Putin himself also seems to see the talks over Ukraine as an opportunity to do business.
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