US, Russia explore gas investment in Europe amid Ukraine war

US and Russian officials have discussed the possibility of bringing a US investor into the Nord Stream gas pipelines that supplied Germany before Russia’s invasion of Ukraine, Reuters reported.

US and Russian officials have discussed the possibility of bringing a US investor into the Nord Stream gas pipelines that supplied Germany before Russia’s invasion of Ukraine, Reuters reported.

The talks have involved US special envoy Jared Kushner and Kirill Dmitriev, a close adviser to Russian President Vladimir Putin, according to Reuters.

Kushner, who is also US President Donald Trump’s son-in-law, and Dmitriev have met in Moscow and New York in recent weeks.

“Any deals will have to be negotiated by Russia with DFC (US International Development Finance Corporation) and Treasury and must benefit United States taxpayers and companies,” a White House official said.

Kushner, who has been involved in efforts to broker a ceasefire between Russia and Ukraine, views business ties as central to restoring peace, according to Reuters. The discussions could allow US investors to participate in energy flows to Europe if the war ends.

Dmitriev, who has advocated resuming Russian gas sales to Germany, met last month with representatives of the US energy and treasury departments to discuss potential US-Russia energy initiatives, Reuters reported.

A US official said a deal was unlikely in the medium term. The Nord Stream pipelines remain subject to US and European Union sanctions, which would complicate any effort to restart them.

The discussions come as Russia and the United States explore broader economic ties alongside efforts to end the war in Ukraine.

Any revival of Russian gas exports to Europe would face significant political and regulatory obstacles, particularly among European countries that oppose restoring energy dependence on Moscow.