Sputnik International MOSCOW (Sputnik) – The administration of US President Donald Trump has submitted documents to European counterparts outlining plans for the economic recovery of Ukraine and restoration of economic ties with Russia after the conflict, The Wall Street Journal newspaper reported.
In recent weeks, the Trump administration has presented several one-page proposals, according to the report on late Wednesday. The proposals have sparked tense negotiations between the United States and Europe, the newspaper added.
Specifically, the US plans reportedly include US investments in Russian oil production in the Arctic and rare earth metal extraction, as well as restoring the previous system for delivering Russian energy resources to Europe and global markets. Ukraine’s reconstruction is expected to be carried out by US companies, funded by $200 billion in frozen Russian assets, the report said.
US negotiators told the newspaper that European plans to use the frozen assets would deplete funds too quickly, while the US strategy focuses on investing Russian assets and growing them.
European officials gave mixed reactions to the proposals, according to the report. One source likened the plans to Trump’s remarks about transforming the Gaza Strip into a Middle Eastern riviera after the war. Another compared the proposed energy deals between Russia and the US to the Yalta Conference in 1945.
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