Archive · 4 Oct 2026
Ukraine War Talks Reportedly Expand to Multibillion-Dollar Lukoil Deal
A report says that talks between the United States and Russia about ending the war in Ukraine also include a possible oil deal.
The deal could involve oil fields, refineries and gas stations owned by Lukoil in different parts of the world.
It would be worth billions of dollars, according to the report.
The deal would need approval from both the US government and the Kremlin.
The group reportedly pursuing it includes investor Todd Boehly, two Middle Eastern groups and part of the US government.
The report says Vladimir Putin brought up the proposal at a meeting on September 5.
That meeting was held at the Kremlin with Steve Witkoff and Jared Kushner.
One person familiar with the meeting said Putin wanted the deal to show Russians they could do business with the United States.
The New York Times reported that US-Russia talks on ending the Ukraine war have expanded to include a multibillion-dollar oil deal.
The proposed transaction involves Lukoil oil fields, refineries and gas stations around the world.
The deal would require approval from both the US government and the Kremlin.
The reported group pursuing the deal includes investor Todd Boehly, two Middle Eastern groups and an arm of the US government.
The report says Vladimir Putin raised the proposal at a September 5 Kremlin meeting with Steve Witkoff and Jared Kushner.
- Who
- The Trump administration and Russian officials are involved in the talks; the reported deal group includes Todd Boehly, two Middle Eastern groups and an arm of the US government.
- What
- US-Russia talks on ending the Ukraine war reportedly include a proposed multibillion-dollar deal involving Lukoil assets.
- When
- Putin reportedly raised the proposal at a September 5 meeting; the Reuters report was dated October 3.
- Where
- The reported meeting took place at the Kremlin; Lukoil's assets involved in the proposed deal are around the world.
- Why
- A person familiar with the meeting said Putin proposed the deal to show Russians they could do business with the United States.
- Reported source
- The New York Times, as reported by Reuters
- Proposed transaction
- A multibillion-dollar deal involving Lukoil oil fields, refineries and gas stations
- Required approvals
- The US government and the Kremlin
- Reported pursuing group
- Todd Boehly, two Middle Eastern groups and an arm of the US government
- Reported meeting
- Putin raised the proposal at a September 5 meeting with Witkoff and Kushner at the Kremlin
- Comment requests
- The White House, US Treasury Department and Lukoil did not respond outside regular business hours
