Energy Diplomacy Heats Up
Russia just dropped a major hint about expanding energy collaboration with the U.S. – and it’s all about Sakhalin-1, a massive oil and gas project that’s been called Russia’s 'energy crown jewel.' 🇷🇺💎 Deputy Foreign Minister Sergei Ryabkov confirmed talks are ongoing, calling it a 'most obvious example' of potential cooperation.
Why This Matters
Sakhalin-1 isn’t just any project. Launched in the ’90s, it’s Russia’s first major international offshore energy venture, with enough recoverable resources to power cities. Now, President Putin’s recent decree could let U.S. giants like ExxonMobil regain shares – a move that’s got markets buzzing. 📈
Alaska Summit Sparks Momentum
The timing’s spicy: Putin signed the decree the same day he met Donald Trump in Alaska (!) to discuss Ukraine peace talks and business collabs. Could this energy partnership thaw broader tensions? Investors are watching like it’s the season finale of House of the Dragon. 🐉
Reference(s):
Russia is ready to deepen Sakhalin 1 project discussions with U.S.
cgtn.com