After the inauguration of U.S. President Trump, negotiations have intensified between leading American corporations and Russian companies regarding the resumption of business ties, despite the ongoing Russian-Ukrainian war.
This is reported by Finway
ExxonMobil May Return to the Sakhalin-1 Project
One of the largest energy companies in the U.S., ExxonMobil, is engaged in confidential negotiations with the Russian company Rosneft regarding the possible resumption of its participation in the development of the Sakhalin-1 oil field. The negotiations have intensified specifically after Trump’s assumption of office. ExxonMobil’s management is considering returning to the project if the U.S. and Russian governments agree to grant permission within the framework of the peace process in Ukraine.
“A senior executive at ExxonMobil discussed the implementation of this matter if the U.S. and Russian governments give the ‘green light’ within the peace process in Ukraine.”
Additionally, Russian President Putin signed a decree that removes one of the main obstacles for ExxonMobil’s return – foreign companies are now allowed to own shares in Russian enterprises that manage Sakhalin after Exxon’s exit.
Boeing and Russian Titanium: Prospects for Cooperation
Russia is also counting on the resumption of its joint venture with the American corporation Boeing. This concerns Ural Boeing Manufacturing, established back in 2009 together with the Russian titanium producer VSMPO-Avisma in the Urals. The enterprise specialized in processing titanium for Boeing aircraft, but its activities were halted in 2022 due to Russian aggression against Ukraine.
It is worth noting that the U.S. and EU did not impose sanctions against VSMPO-Avisma. Canada, which imposed restrictions against this company in February 2024, has already partially eased them in the spring, allowing Airbus to use titanium from Russia for its production.