US, Russia to Finalise Energy Deal as Trump Charges 50% Tariffs from India

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US and Russian officials are reportedly discussing energy deals to push Moscow towards peace talks in Ukraine

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The talks come weeks after US President Donald Trump announced 50% tariffs on Indian goods for buying Russian oil

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Trump greeted Russian President Vladimir Putin in Alaska earlier this month, fueling speculation of backchannel deals

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According to Reuters, US and Russian officials are conversation for the US based giant Exxon Mobil to re-enter Russia’s Sakhalin-1 project, which it exited in 2022

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Exxon Mobil had left Russia after sanctions were imposed over its invasion of Ukraine, cutting Moscow off from investment

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Reportedly, another proposed option is Russia purchasing US equipment for its sanctioned Arctic LNG-2 project

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Proposals also included the US purchasing Russian nuclear-powered icebreakers, despite ongoing sanctions

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India, meanwhile, faces a tariff blow as Trump doubles duties on its exports to 50% from August 27th

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The White House is reportedly eager to announce a "big deal" as proof of progress after the Alaska summit

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