After Donald Trump’s inauguration, negotiations between American companies and Russian enterprises regarding the potential resumption of cooperation have intensified, even amid Russia’s ongoing war against Ukraine.
This is reported by Business • Media
ExxonMobil Discusses Return to the Sakhalin-1 Project
ExxonMobil is engaged in closed negotiations with the Russian company Rosneft concerning the possible resumption of development at the Sakhalin-1 oil field. The talks gained new momentum following Trump’s inauguration. It is known that one of ExxonMobil’s executives is discussing the prospects of implementing this project, provided that the governments of the United States and Russia grant the necessary approvals within the framework of a peaceful resolution to the situation in Ukraine.
“The green light” for cooperation is possible only with favorable decisions from the governments of the United States and Russia as part of the peace process in Ukraine.
To facilitate ExxonMobil’s return, the President of Russia has already signed a decree that removes one of the main obstacles: foreign companies can now own shares in the Russian operator of Sakhalin-1 after Exxon’s exit.
Renewal of Cooperation in the Titanium Industry
In addition to the oil sector, Russia is anticipating the resumption of operations at the joint venture between titanium producer VSMPO-AVISMA and American company Boeing in the Urals. The Ural Boeing Manufacturing enterprise, established back in 2009, was engaged in processing titanium for Boeing aircraft but suspended its activities in 2022 due to Russia’s aggression against Ukraine.
It is worth noting that the United States and the European Union have not yet imposed sanctions on VSMPO-AVISMA. Canada, on the other hand, introduced restrictions in February 2024, but eased them by spring, allowing Airbus to use titanium from Russia for aircraft production.