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Thursday, Jan 22, 2026

Head of Russian Wealth Fund Emphasizes U.S. Dominance as Discussions Commence in Riyadh

Kirill Dmitriev commends the U.S. administration's strategy in advance of prominent conversations focused on resolving the Ukraine crisis and rejuvenating bilateral relations.
On Tuesday in Riyadh, Kirill Dmitriev, the head of Russia's sovereign wealth fund, characterized U.S. President Donald Trump as a solution-oriented leader.

During a press conference, Dmitriev remarked that the President and his team have tackled major challenges promptly and effectively.

These remarks were made in advance of upcoming U.S.-Russian talks, which will be the first high-level face-to-face meetings between the two nations in several years.

Russian officials revealed that Foreign Minister Sergei Lavrov is scheduled to engage in talks with senior U.S. diplomats, aiming to focus on efforts to resolve the conflict in Ukraine and to restore the broader U.S.-Russian relationship.

These anticipated discussions are meant to pave the way for a future meeting between the U.S. and Russian presidents.

Dmitriev, a former Goldman Sachs banker educated in the United States, also highlighted the economic fallout from the withdrawal of U.S. companies from Russia.

He pointed out that U.S. businesses are estimated to have lost around $300 billion due to their exit from the Russian market, illustrating the economic consequences faced by numerous countries.

The conversations in Riyadh take place amid wider international efforts to tackle the ongoing crisis in Ukraine and to revive diplomatic ties between Moscow and Washington.

The upcoming meetings represent some of the first direct engagements in recent years, signaling a potential move towards addressing enduring geopolitical challenges.
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