Moscow Signals Renewed Energy Ties with U.S.
Russia is open to enhancing energy partnerships with the U.S., notably on the Sakhalin-1 project. Discussions follow a decree signed by President Putin allowing foreign investment, with Exxon Mobil regaining interest. This initiative aligns with broader dialogue despite past political and economic tensions.
Russia has expressed a willingness to advance its energy discussions with the United States, specifically focusing on the Sakhalin-1 project, according to Deputy Foreign Minister Sergei Ryabkov.
In recent declarations, Ryabkov emphasized ongoing communication with the U.S. on various concerns, marking the Sakhalin-1 project as a prime example of progress in bilateral cooperation. This project reflects broader strategic interests amid fluctuating geopolitical landscapes.
President Vladimir Putin's decree last month, permitting foreign investment, including from U.S. oil giant Exxon Mobil, aims to rejuvenate partnerships following the previous U.S. corporate exodus. This move coincided with a critical summit between Putin and Trump, spotlighting economic collaboration and peace talks in Ukraine.
(With inputs from agencies.)
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