The Trump administration has given its European partners a plan on how it wants to rebuild Ukraine and bring Russia back into the world market, according to an exclusive Wall Street Journal report published Wednesday.
The appendices have not been publicly released; however, U.S. and European officials have described them to The Journal and have indicated that U.S. financial organizations and businesses will use about $200 billion in frozen Russian assets to help fund projects in Ukraine. Those efforts include a new, large-scale data center to be powered by a nuclear plant currently under occupation by Russian troops.
“The proposals have sparked an intense battle at the negotiating table between America and its traditional allies in Europe. The outcome stands to profoundly alter the economic map of the continent,” according to The Journal.
One appendix apparently focuses on a vision to bring back Russian energy across Western Europe and globally, with U.S. firms investing in rare-earth extraction and oil drilling in the Arctic, the report indicated.
“Some European officials who have seen the documents said they weren’t sure whether to take some of the U.S. proposals seriously. One official compared them to President Trump’s vision of building a Riviera-style development in Gaza,” The Journal reported. “Another, referring to the proposed U.S.-Russia energy deals, said it was an economic version of the 1945 conference where World War II victors divvied up Europe. ‘It’s like Yalta,’ he said.”
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