Trump’s peace plan in Ukraine envisions US major investment in Russia — WSJ

U.S. President Donald Trump’s proposed plan for peace in Ukraine includes ambitious measures such as restoring Russian energy flows to Europe, major U.S. investments in Russian rare earths and energy sectors, and leveraging frozen Russian sovereign assets, according to the Wall Street Journal.

The newspaper reported that these proposals were detailed in appendices shared with European counterparts over recent weeks. Among the plans is a proposal for U.S. financial firms and other businesses to access $200 billion of frozen Russian sovereign assets for projects in Ukraine. This includes the development of a major new data center powered by the Zaporizhzhia nuclear power plant, currently under Russian control.

In addition, the proposals envision U.S. companies investing in strategic Russian sectors, such as rare-earth extraction and Arctic oil drilling, while restoring Russian energy flows to Western Europe and global markets.

The Wall Street Journal cited an unidentified European official who likened the proposed U.S.-Russian energy deals to an economic version of the 1945 Yalta Conference, where the victors of World War II—the Soviet Union, the United States, and Britain—divided spheres of influence in Europe.

Russia invaded Ukraine in February 2022, following eight years of conflict between Russian-backed separatists and Ukrainian forces in the Donbas region, comprising Donetsk and Luhansk. -Guy Faulconbridge/Reuters