Brief
US and Russia discuss US investment in Nord Stream amid Ukraine war
Kushner and Dmitriev held talks on a possible US stake in the Nord Stream system, with officials noting sanctions and political hurdles.
By Felo News Desk · Published
U.S. Special Envoy Jared Kushner and Russian presidential envoy Kirill Dmitriev met in Moscow and New York in recent weeks to discuss the possibility of a U.S. investor entering the Nord Stream gas pipeline network, five people with knowledge of the talks told Reuters.
What happened
The discussions, which included a meeting on Sept. 5, 2026 at the Kremlin, focused on how a U.S. investor could profit from gas flows to Europe once the war in Ukraine ends. Both sides said the topic remains on the agenda, though a White House official told Reuters that there have been “no Nord Stream discussions recently.”
What the reports add
According to the source, Dmitriev, a close adviser to President Vladimir Putin, has been campaigning for the resumption of Russian gas sales to Germany and met last month with U.S. Energy and Treasury Department representatives about broader energy initiatives. A White House official said any deal would have to be negotiated with the U.S. International Development Finance Corporation and the Treasury and must benefit U.S. taxpayers and companies.
What was said
“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 to Reuters.
How it came about
Kushner, who has been trying to broker a truce between Russia and Ukraine, views business deals as central to restoring peace. The Nord Stream pipelines are currently sanctioned by the U.S. and the EU, making a restart illegal. The report notes that a potential Trump waiver of sanctions could be complicated by upcoming U.S. midterm elections, which could shift congressional control.
Key facts
- U.S. Special Envoy Jared Kushner and Russian envoy Kirill Dmitriev have held talks about a U.S. investor in the Nord Stream pipeline. (nypost.com)
- A White House official said any deal would need to involve the U.S. International Development Finance Corporation and the Treasury and benefit U.S. taxpayers. (nypost.com)
- The Nord Stream pipelines are currently sanctioned by the U.S. and EU, making a restart illegal. (nypost.com)
Timeline
- 2026-09-05 — Kushner and Dmitriev waited before a meeting with President Putin at the Kremlin.
- 2026-11-08 — Inauguration of the Nord Stream Baltic Sea gas pipeline in Lubmin, Germany (historical reference).
- 2026-11-01 — U.S. midterm elections scheduled, could affect sanctions policy.
Sources
- [1] nypost.com — originally reported as “US, Russia explore gas sale to Europe amid Ukraine war: Report”
