Kremlin Says US and Russian Companies Interested in Rare Earths Partnership but Challenges Remain

Kremlin spokesman Dmitry Peskov said Russia continues to face U.S. sanctions and that ’restrictions continue to apply to American companies.’

Russian President Vladimir Putin chairs a meeting on rare earth metals production via a video link from his residence outside Moscow on Feb. 24, 2025. Sputnik/Alexei Babushkin/Pool via Reuters

Several Russian and U.S. companies have shown an interest in new joint ventures focused on rare earth metals extraction projects, but obstacles remain in the way, according to Kremlin spokesman Dmitry Peskov.

U.S. President Donald Trump has repeatedly expressed interest in forging new economic partnerships with Russia, but he’s still working to resolve the ongoing Russia–Ukraine war.