U.S. International Development Finance Corporation
The U.S. International Development Finance Corporation (DFC) is a U.S. government development finance institution created in 2019 to provide financing for private-sector projects in developing countries. It consolidated the functions of several predecessor agencies, most notably the Overseas Private Investment Corporation (OPIC), and is authorised to offer loans, equity investments, political-risk insurance, and guarantees. DFC is headquartered in Washington, D.C., and operates under the policy guidance of the Secretary of State, with an independent board and chief executive officer.
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US and Russia discussed American investor for Nord Stream, but White House denies talks and Germany pushes back
Reuters reported that US presidential envoy Jared Kushner and Kremlin-linked adviser Kirill Dmitriev have discussed attracting an American investor to restore the Nord Stream gas pipelines, meeting in Moscow and New York in recent weeks. The White House said any Russia deals must go through US development finance and Treasury bodies and that there have been no recent Nord Stream-specific talks. Germany said the pipelines are under European sanctions and that Berlin has no wish to approve their resumption.
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US-Russia Ukraine talks expand to include multibillion-dollar Lukoil asset deal
US-Russia negotiations on ending the war in Ukraine have expanded to include a multibillion-dollar deal involving international assets of Russian oil company Lukoil. Vladimir Putin raised the issue during a September 5 meeting with US negotiators Steve Witkoff and Jared Kushner at the Kremlin, proposing it as a way to show Russians they can do business with the United States. The deal, covering oil fields, refineries, and gas stations worldwide, requires approval from both the US government and the Kremlin.
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U.S.-Ukraine Reconstruction Investment Fund approves over $60 million package, eyes up to $1 billion in third-party capital
The U.S.-Ukraine Reconstruction Investment Fund (URIF) has approved its largest investment package to date, directing more than $60 million of its own funds into new projects in energy, critical minerals, and dual-use technologies. The Fund expects the projects to attract up to $1 billion in additional capital from third-party investors. The package was announced one year after the Fund's launch, when Ukraine and the United States each contributed $75 million to an initial $150 million in capital.
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U.S. DFC approves €85 million loan to DTEK for battery storage expansion in Ukraine
The U.S. International Development Finance Corporation (DFC) has approved an €85 million (approximately $97.5 million) loan to Ukrainian energy company DTEK to expand battery energy storage systems in Ukraine. The loan is part of a broader DFC investment package of more than $8 billion covering projects in Ukraine, Jordan, and several African countries, and is the largest DFC financing in Ukraine's energy sector since the start of Russia's full-scale invasion in 2022.