Trump’s Ukraine peace plan includes restoring Russian energy flows
The plan, outlined in appendices attached to recent peace proposals shared with European partners, envisions US companies accessing roughly $200 billion in frozen Russian state assets to fund Ukrainian projects. Among these is a major data center intended to operate using power from the Russian-controlled Zaporizhzhia nuclear plant.
The framework also suggests that US firms could participate in key Russian sectors, including rare-earth mining and Arctic oil exploration, while reopening Russian energy exports to Western Europe and international markets.
Some European officials who reviewed the documents expressed skepticism about the proposals, with one comparing them to US President Donald Trump’s earlier suggestion of turning Gaza into a Riviera-style resort. Another official described the proposed US-Russia energy arrangements as an economic “Yalta-style” deal.
Reports indicate that European leaders prefer to use the frozen Russian assets within Europe to fund essential Ukrainian government operations and weapons procurement.
European authorities also warned that the US plan could undermine Europe’s strategy of supporting Ukraine while keeping Russia economically isolated, prompting swift diplomatic activity in European capitals to assert influence before Washington finalizes its terms.
US officials argued that Europe’s plan would deplete the frozen Russian funds, whereas the American approach would engage major US financiers to grow the fund, potentially expanding it to around $800 billion.
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