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Russia Proposes $12 Trillion Economic Deal Tied to Ukraine War
Moscow seeks restoration of dollar payments, joint ventures, and other economic cooperation with the U.S.
Published on Feb. 23, 2026
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Russia has reportedly confirmed the existence of a sweeping $12 trillion economic proposal presented to U.S. officials, which is said to be linked to ending the war in Ukraine. The proposal, described as the 'Dmitriev package,' outlines potential areas of cooperation including restoring dollar-based settlements, joint ventures in oil and gas, and preferential treatment for U.S. companies returning to the Russian market.
Why it matters
The reported proposal suggests Russia may be seeking to leverage the Ukraine war not just for territorial or political gains, but also to reset economic ties with the U.S. and secure sanctions relief. If realized, the deal could have significant implications for the global financial system and energy markets.
The details
According to the reported internal Russian memo, Moscow is seeking a broad economic partnership with Washington that would restore access to dollar-based settlements, enable joint ventures in oil and gas, and provide preferential treatment for U.S. companies returning to the Russian market. The proposal also covers areas like long-term contracts for American aircraft, expanded nuclear energy collaboration, and mining projects involving critical minerals.
- On February 6, Ukrainian President Volodymyr Zelensky publicly disclosed the existence of the 'Dmitriev package'.
- On February 13, Kremlin spokesperson Dmitry Peskov acknowledged the proposal, saying Russia is 'offering cooperation' and that 'companies from both countries are potentially interested'.
The players
Volodymyr Zelensky
The President of Ukraine, who first publicly disclosed the existence of the 'Dmitriev package' proposal.
Kirill Dmitriev
The head of Russia's sovereign wealth fund and an envoy who has maintained engagement with senior U.S. officials, including Special Envoy Steve Witkoff.
Dmitry Peskov
The Kremlin spokesperson, who acknowledged the existence of the economic cooperation proposal.
What they’re saying
“Intelligence showed me the so-called 'Dmitriev package' that he presented in the U.S. — it amounts to around $12 trillion.”
— Volodymyr Zelensky, President of Ukraine
“This Bloomberg article explains something that is quite obvious. Of course, we are offering cooperation. Of course, companies from both countries are potentially interested in this cooperation — so there you have joint ventures.”
— Dmitry Peskov, Kremlin Spokesperson
What’s next
The details and status of the proposed $12 trillion economic deal remain unclear, as neither the U.S. nor Russian governments have officially confirmed or released the full framework. Further negotiations and diplomatic discussions are likely to determine if and how such a sweeping economic partnership could be realized.
The takeaway
The reported 'Dmitriev package' suggests Russia is seeking to leverage the Ukraine war not just for territorial gains, but also to reset its economic ties with the U.S. and secure sanctions relief. If realized, such a deal could have far-reaching implications for the global financial system, energy markets, and the future of U.S.-Russia relations.
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