Charles Hecker

What business does America have in Russia?

A Soviet customer of the just opened first McDonald's in the Soviet Union (Getty Images)

It didn’t take long for preliminary discussions between the US and Russia on Ukraine to morph into something dramatically more ambitious. As negotiators left talks in Riyadh this week, both sides signalled their intent to reach agreement not only Ukraine, but also on economic and geopolitical cooperation. 

President Donald Trump’s remarks following the talks – which were led by US Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov – made it sound as if a full rapprochement between the US and Russia was within reach. An almost gravity-defying change in US foreign policy toward Russia is in the works. 

Three years after the full-scale invasion of Ukraine, and 11 years after the illegal annexation of Crimea and conflict in Donbas, what would the return to business-as-usual between Russia and the US look like?

Business-as-usual with Russia is, of course, a slippery term.

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Written by
Charles Hecker

Charles Hecker has spent 40 years travelling and working in the Soviet Union and Russia. He has worked as a journalist and a geopolitical risk consultant, and has lived in Miami, Moscow and London. A fluent Russian speaker, he holds degrees from the University of Pennsylvania and Harvard University. His book Zero Sum: The Arc of International Business in Russia was published by Hurst in November 2024.

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