Russian wealth fund sees U.S. companies returning in 2025

19/2/2025 16:43

Russia's sovereign wealth fund expects a number of U.S. companies to return to Russia as early as the second quarter of 2025, its chief said on Wednesday, after the most senior U.S.-Russian meeting on the Ukraine war since it began in 2022.



At the talks, Russia set out its conditions, demanding NATO scrap its 2008 promise to one day give Ukraine membership of the U.S.-led military alliance and dismissing the idea that NATO member forces could be keepers of the peace.



U.S. President Donald Trump, who has repeatedly stated he will end the war in Ukraine, said he might meet Russian President Vladimir Putin this month and dismissed Ukraine's concern about being left out of the talks in Saudi Arabia.



With the U.S. and Russia speaking again after what officials said was the biggest crisis in relations since the 1962 Cuban Missile Crisis, some in Russia hope that economic ties will also be resumed.



The talks in Riyadh yielded agreement from the U.S. and Russia to form negotiating teams for future meetings and work to restore the normal functioning of each other's diplomatic missions.