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The Hunt for Lukoil's Assets: An Economist Reveals the True Purpose of Trump's Aides' Visits to Russia

Trump's Backroom Deals with the Kremlin - 24 Channel

Trump's Backroom Deals with the Kremlin / Getty Images

Statements about peace talks and the creation of funds for Ukraine’s reconstruction may turn out to be nothing more than a cover for the enrichment of Donald Trump’s family. Against the backdrop of the upcoming U.S. congressional midterm elections, Republicans are trying to convert their political influence into real financial gains, particularly through backroom deals with the Kremlin.

Oleg Pendzin, executive director of the Economic Discussion Club, made this statement on 24 Channel.

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Oil Instead of Peace: The Real Purpose of Trump’s Aides’ Visits to Russia

The analyst paid particular attention to the secret visits to Moscow by representatives of Trump’s inner circle. Specifically, he referred to the trips by Steve Witkoff and former President Trump’s son-in-law, Jared Kushner. According to Pendzin, these meetings have an exclusively commercial purpose, such as the purchase of foreign assets belonging to Russia’s Lukoil.

Trump is currently actively converting his political influence into personal income. All these negotiations serve as a smokescreen for his desire to advance his own business interests,
the guest on the show stated.

The economic concessions regarding Russian diesel fuel, which are being lobbied for in the U.S., do not significantly enrich the aggressor’s budget due to the meager volumes involved. However, such actions are dangerous in that they effectively legitimize Vladimir Putin on the international stage. At the same time, the United States’ main problems and rising oil prices are linked not to Ukraine, but to the failure of U.S. policy in the Persian Gulf.

“A Stillborn Fund”: Why U.S. Investments Are Now a Myth

Analyzing the idea of creating a U.S.-Ukrainian Investment Fund for Reconstruction, the economist emphasized that the project lacks a real economic foundation. Given the ongoing hostilities and the blockade of Black Sea ports, attracting new private investment is unrealistic, so such an initiative remains nothing more than a formality on paper.

It's a bit of a stillborn fund, which is more about pleasing Trump than having any economic benefit. Right now, it’s nothing more than a formality on paper,
– Oleg Pendzin is convinced.

Analyzing the U.S. calls to resume trilateral negotiations, the economist emphasized that no serious results regarding an end to the war should be expected. The positions of Ukraine and Russia are too contradictory, so for now, such contacts are useful only for resolving humanitarian issues and exchanging prisoners.

The Impact of the U.S. Elections and Economic Factors

Regarding the U.S. congressional elections, which will take place on November 3, the expert predicts a Republican defeat in the House of Representatives. If the Democrats also gain control of the Senate, Trump will be forced to spend the next two and a half years of his term fending off investigative committees and dealing with internal political struggles.
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At the same time, economic concessions regarding Russian diesel do not significantly strengthen Russia due to the meager volume of trade. However, such actions legitimize Putin on the international stage, and the United States’ main problems and rising oil prices are linked to the failure of U.S. policy in the Persian Gulf.

Previously, journalists explained how the business interests of Trump’s inner circle and potential deals involving assets could cause a scandal in the U.S.

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