Russian Direct Investment Fund
The Russian Direct Investment Fund (RDIF) is a sovereign wealth fund established in 2011 to make equity investments primarily in the Russian economy alongside foreign partners. It is led by chief executive Kirill Dmitriev. RDIF is known for large infrastructure and technology projects and for financing the development and international rollout of the Sputnik V COVID-19 vaccine. The fund is headquartered in Moscow.
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Trump suspends Russia sanctions under "Graham Law" days before they were to take effect
President Donald Trump on October 16, 2026 signed an executive order suspending the application of sanctions, restrictions, and tariffs against Russia that had been due to take effect on October 18 under the Lindsey O. Graham Sanctioning Russia and Iran Act. Using a waiver provision in the law, Trump certified to Congress that the suspension serves the national interests of the United States. The order keeps the new measures formally on the books but does not apply them for now, while previously imposed US sanctions against Russia remain in force. Critics including the law's co-author Senator Richard Blumenthal and Ukrainian President Volodymyr Zelensky condemned the move; Russia's Kirill Dmitriev welcomed it as a "truly historic moment."
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Trump announces Russian diesel deal with Putin, urges Ukraine to choose a new president
On October 9, 2026, US President Donald Trump held a phone call with Russian President Vladimir Putin and announced an agreement to allow between 300,000 and 3 million tons of Russian diesel fuel onto US and global markets. Trump then publicly attacked Ukrainian President Volodymyr Zelenskyy, accusing him of being able to end the war but choosing not to, and saying it was time for Ukraine to choose a new president. Zelenskyy called the decision weak and a gift to Russia that would fund the war, while bipartisan US lawmakers and European leaders condemned the agreement.
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Trump tells Ukraine to elect a new president, a day after announcing US-Russia diesel deal
On October 10, US President Donald Trump said Ukraine needs a new president who can make a deal to end the war with Russia, accusing Volodymyr Zelensky of choosing not to end the conflict despite repeated opportunities. The remarks came a day after Trump announced a deal struck during a phone call with Vladimir Putin under which Russia will supply large volumes of diesel fuel to US and world markets, with the US issuing a Treasury license suspending the relevant sanctions until April 7, 2027. Zelensky condemned the diesel deal as weakness and a "gift to Putin for his birthday," and said the Ukrainian negotiating team meeting in Miami had been used as a "screen." Ukrainian Foreign Minister Andriy Sybiha said Zelensky has the support of the Ukrainian people and that only Ukrainians can decide who leads them.
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Putin envoy Dmitriev holds "constructive" talks with US officials in Washington on Ukraine war and energy cooperation
Kirill Dmitriev, Vladimir Putin's special envoy and head of Russia's sovereign wealth fund RDIF, met US officials in Washington on September 28 to discuss ending the war in Ukraine and possible post-war US-Russia energy initiatives. A US official described the talks as "constructive." The visit followed Donald Trump's meeting with Volodymyr Zelensky at the UN General Assembly in New York on September 22 and a separate series of meetings between Dmitriev and US special envoys Steve Witkoff and Jared Kushner.