Dmitriev told the International Energy Conference in Moscow that the two nations will build data centres using electricity from Russian nuclear plants, targeting a launch before the war’s end.
The announcement comes after Trump’s last‑week pledge that Russia had agreed to supply diesel to global markets, prompting the U.S. to lift its ban on Russian diesel exports from October 10.
At the same time, the U.S. Treasury has requested the Russian Direct Investment Fund, headed by Dmitriev, to facilitate payments tied to the diesel agreement, a move that could help temper oil market volatility, though analysts caution it won’t fully stabilize prices.
Kyiv has slammed the deal, with President Volodymyr Zelenskyy warning at an EU summit that the diesel pact could pave the way for a gas contract. He urged other nations to take a stand.
The formal launch of the data‑centre initiative is slated for later this month, when detailed plans will be released to the public and regulatory bodies.