President Trump is exploring lifting sanctions on Russia’s flagship investment fund, according to people familiar with the discussions.
The move would mark the latest U.S. concession to Moscow as the administration pursues economic incentives aimed at ending the war in Ukraine.
The Russian Direct Investment Fund has been under U.S. sanctions since 2022, following Russia’s full-scale invasion of Ukraine.
Lifting restrictions on the fund could open a channel for American and allied capital to flow back into Russian markets.
Officials have not confirmed whether a formal proposal is under review or when a decision might be made.
The fund was created to attract foreign investment into Russia and has long been viewed as a key financial instrument for the Kremlin.
Any easing of sanctions would likely draw scrutiny from Congress and European allies, who have pressed for continued economic pressure on Moscow.
The White House has signaled that sanctions relief could form part of a broader diplomatic settlement to the conflict.
