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Russia considers joint projects with US and China, media report

Published by Global Banking & Finance Review

Posted on May 20, 2026

1 min read

· Last updated: May 20, 2026

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Russia considers joint projects with US and China, media quote Putin's envoy

Russia's Strategic International Collaborations

Potential Joint Projects with the United States and China

May 20 (Reuters) - Russia is considering the possibility of joint projects with the United States and China, Kirill Dmitriev, head of the Russian Direct Investment Fund, Russia's sovereign wealth fund, was quoted as saying by state media on Wednesday.

Upcoming Diplomatic Meetings

Russian President Vladimir Putin is due to meet his Chinese counterpart Xi Jinping in Beijing on Wednesday, days after Xi had talks with U.S. President Donald Trump.

Statements from Russian Officials

"Within the framework of the Russian Direct Investment Fund we are also looking at certain projects, including those involving both China and the U.S.", Dmitriev, Putin's special envoy and a key figure in talks between Moscow and Washington, said.

Reporting and Editorial Credits

(Reporting by Jekaterīna Golubkova in Tokyo; Editing by Himani Sarkar and Jacqueline Wong)

Key Takeaways

  • Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), confirmed Russia is looking into joint ventures with both the US and China, including in energy and Arctic projects (tass.com).
  • The Kremlin has outlined a potential US‑Russia project portfolio valued above $14 trillion, although realizing these opportunities depends on a peace agreement in Ukraine and the lifting of Western sanctions (themoscowtimes.com).
  • Earlier proposals from Dmitriev include collaborating on rare‑earth mining with US firms and even ambitious infrastructure ideas like a ‘Putin‑Trump’ tunnel between Siberia and Alaska (investing.com).

References

Frequently Asked Questions

Who is considering joint projects with the US and China?
The Russian Direct Investment Fund, Russia's sovereign wealth fund, is considering joint projects with the US and China.
Who announced Russia's consideration of international projects?
Kirill Dmitriev, head of the Russian Direct Investment Fund, made the statement.
Which countries may collaborate with Russia on future projects?
Russia is considering collaborating on joint projects with the United States and China.
When was this statement reported?
The statement was reported on May 20.
Which media outlet reported on Russia's plans?
State media reported Russia's consideration of joint projects with the US and China.

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