Moscow Makes Overtures to American Business Ahead of Trump Call

Russia’s envoy talked rare earths and space tech opportunities. However, businesses looking to return to Russia should not expect bargain prices, Putin said.

Kirill Dmitriev, the head of the Russian Direct Investment Fund, speaks to journalists at the Ritz Carlton hotel in Riyadh, Saudi Arabia, Feb. 18, 2025. AP Photo/Baraa Anwer

Moscow’s international economic cooperation envoy made overtures to American business ahead of a phone call between Russian President Vladimir Putin and U.S. President Donald Trump on Tuesday.

His openness, however, was counterbalanced by a warning from Putin that the Kremlin would not allow firms that left Russia after the outbreak of war to simply slip back into the Russian market.