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Saturday, Feb 22, 2025
Outside the box.
Chief of the Russian Wealth Fund Emphasizes U.S. Leadership as Discussions Commence in Riyadh.
Kirill Dmitriev commends the U.S. executive strategy in advance of important talks focused on resolving the Ukraine conflict and reinstating bilateral relations.
On Tuesday in Riyadh, Kirill Dmitriev, the head of Russia's sovereign wealth fund, referred to U.S. President Donald Trump as a problem solver.
During a press briefing, Dmitriev remarked that the President and his team have tackled major challenges promptly and effectively.
These remarks were made ahead of the anticipated U.S.-Russian discussions, which will be the first high-level in-person meetings between the two nations in several years.
Russian officials announced that Foreign Minister Sergei Lavrov is preparing to engage in talks with senior U.S. officials, including a high-ranking U.S. diplomat noted in official communications, concentrating on efforts to resolve the conflict in Ukraine and to restore the broader spectrum of U.S.-Russian relations.
The forthcoming talks aim to set the stage for an upcoming meeting between the presidents of the U.S. and Russia.
Dmitriev, a former banker at Goldman Sachs with U.S. educational experience, also pointed out the economic fallout resulting from the exodus of U.S. businesses from Russia.
He mentioned estimates suggesting that U.S. businesses incurred losses of approximately $300 billion due to their withdrawal from the Russian market, emphasizing the economic consequences faced by several countries.
The discussions in Riyadh take place within the context of wider international attempts to address the persistent conflict in Ukraine and to reestablish diplomatic ties between Moscow and Washington.
These planned meetings represent some of the first instances of direct engagement in recent years, signaling a potential shift towards tackling enduring geopolitical challenges.
During a press briefing, Dmitriev remarked that the President and his team have tackled major challenges promptly and effectively.
These remarks were made ahead of the anticipated U.S.-Russian discussions, which will be the first high-level in-person meetings between the two nations in several years.
Russian officials announced that Foreign Minister Sergei Lavrov is preparing to engage in talks with senior U.S. officials, including a high-ranking U.S. diplomat noted in official communications, concentrating on efforts to resolve the conflict in Ukraine and to restore the broader spectrum of U.S.-Russian relations.
The forthcoming talks aim to set the stage for an upcoming meeting between the presidents of the U.S. and Russia.
Dmitriev, a former banker at Goldman Sachs with U.S. educational experience, also pointed out the economic fallout resulting from the exodus of U.S. businesses from Russia.
He mentioned estimates suggesting that U.S. businesses incurred losses of approximately $300 billion due to their withdrawal from the Russian market, emphasizing the economic consequences faced by several countries.
The discussions in Riyadh take place within the context of wider international attempts to address the persistent conflict in Ukraine and to reestablish diplomatic ties between Moscow and Washington.
These planned meetings represent some of the first instances of direct engagement in recent years, signaling a potential shift towards tackling enduring geopolitical challenges.
