Russia and the US have initiated talks on joint rare earth metals projects, with some companies already showing interest, according to Kremlin envoy Kirill Dmitriev. This cooperation comes amid U.S. President Trump's efforts to end the Ukraine war and follows Putin's proposal for joint exploration.
Russia and the United States have started talks on joint rare earth metals and other projects in Russia, and some companies have already expressed an interest in them, President Vladimir Putin's investment envoy said in remarks published on Monday.
Amid efforts by U.S. President Donald Trump to end the war in Ukraine, minerals cooperation has been floated by both Kyiv and Moscow, though Trump said on Sunday that Ukrainian President Volodymyr Zelenskyy wants to back out of a proposed deal.
Putin in February suggested that the United States might be interested in exploring joint exploration for rare earth metals deposits in Russia, which has the world's fifth-largest reserves of the metals used in lasers and military equipment.
Kirill Dmitriev, Kremlin special envoy on international economic and investment cooperation, told the Izvestia newspaper in remarks published on Monday that talks had already begun.
"Rare earth metals are an important area for cooperation, and, of course, we have begun discussions on various rare earth metals and (other) projects in Russia," said Kirill Dmitriev, who is also the CEO of the Russian Direct Investment Fund.
Dmitriev, who was part of Russia's negotiating team at talks with U.S. officials in Saudi Arabia in February, said some companies have already shown interest in the projects. He did not name any companies and did not reveal further details.
Trump said on Sunday he was "pissed off" at Putin and will impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
Trump told NBC News he was very angry after Putin last week criticised the credibility of Zelenskyy's leadership, the television network reported. Trump later reiterated to reporters he was disappointed with Putin but added: "I think we are making progress, step by step."
China's control of 95% of global production and supplies of rare earth metals, crucial for industries such as defence and consumer electronics, has focused the rest of the world on trying to develop their own supplies.
The U.S. Geological Survey estimates Russia's reserves of rare earth metals at 3.8 million metric tons but Moscow has far higher estimates.
According to the Natural Resources Ministry, Russia has reserves of 15 rare earth metals totalling 28.7 million tons as of January 1, 2023 and that 3.8 million tons is the amount of reserves under development or ready for development.
Izvestia reported the cooperation may be further discussed at the next round of Russia-U.S. talks that may take place in mid-April in Saudi Arabia.
European foreign ministers agreed to increase pressure on Russia by imposing new sanctions targeting its energy and banking sectors amid ongoing conflict with Ukraine.
As G7 leaders prepare to meet, most member states are ready to cut the Russian oil price cap to $45 even without U.S. backing.
Romania deployed fighter jets early Thursday after Russian drone strikes targeted Ukraine’s Vylkove region near the Romanian border, though no airspace violations were detected.
Ukraine and Russia completed another prisoner exchange involving ill and severely wounded soldiers, marking ongoing efforts to ease the human toll of their conflict.
North Korean leader Kim Jong Un hailed Russian President Vladimir Putin as his “dearest friend” and vowed to deepen Pyongyang-Moscow ties, pledging that the DPRK will “always stand with Russia,” in a Russia Day message reported by state media on 12 June.
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Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Tensions between Iran and Israel reached a critical point as both nations clashed at an emergency UN Security Council meeting, following a sweeping Israeli strike on Iranian targets that Tehran condemned as state terrorism and a deliberate attempt to sabotage nuclear diplomacy.
UN Secretary-General Antonio Guterres appeals for calm and diplomacy as Israel and Iran exchange deadly attacks, raising fears of broader regional conflict.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 14th, covering the latest developments you need to know.
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Iran has condemned the US-Iran nuclear negotiations as “meaningless” after Israel’s largest strike on Iranian targets, accusing Washington of backing the attack. The planned sixth round of talks faces uncertainty amid escalating tensions.
Tensions between Iran and Israel reached a critical point as both nations clashed at an emergency UN Security Council meeting, following a sweeping Israeli strike on Iranian targets that Tehran condemned as state terrorism and a deliberate attempt to sabotage nuclear diplomacy.
After months of scrutiny, President Trump approved Nippon Steel’s acquisition of US Steel, including a $11 billion investment pledge and US government veto rights to address national security concerns.
UN Secretary-General Antonio Guterres appeals for calm and diplomacy as Israel and Iran exchange deadly attacks, raising fears of broader regional conflict.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 14th, covering the latest developments you need to know.
As violence escalates between Israel and Iran, Russian President Vladimir Putin signals a diplomatic path, proposing Moscow as mediator to prevent further confrontation.
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