At US Talks, Dmitriev Reveals '466 Trillion Loss' Ledger... "Hits Trump's Taste"

NYT Obtains Russian Document
Dmitriev, Head of Russian Sovereign Wealth Fund, Prepared the Report
"US Companies Could Return to Russia as Early as the Second Quarter"

Kirill Dmitriev, CEO of the Russian sovereign wealth fund Russian Direct Investment Fund (RDIF). The New York Times (NYT) reported on the 18th (local time) that during the US-Russia talks held in Riyadh, Saudi Arabia, Russia delivered a document to the United States stating that American companies suffered losses of $324 billion (approximately 466 trillion won) due to their withdrawal from Russia. The document is known to have been prepared by CEO Kirill. / Reuters·Yonhap Photo by Reuters and Yonhap

On the 18th (local time), during the US-Russia talks held in Riyadh, Saudi Arabia, Russia reportedly handed over a document to the United States stating that American companies suffered losses amounting to $324 billion (approximately 466 trillion won) due to their withdrawal from Russia, according to the US New York Times (NYT).

NYT reported on the 19th (local time) that it obtained the document, which is said to have been delivered by Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF). However, this amount includes not only asset sales and depreciation but also opportunity costs.

According to the document, Russia claimed that among the US companies that suffered losses from withdrawing from Russia, the information technology (IT) and media industries experienced the largest loss of $123 billion. The consumer and healthcare industries were estimated to have the second-largest loss at $94 billion.

NYT pointed out that Russia mentioning the losses of American companies in the Ukraine peace negotiations was aimed at appealing to the "preferences" of former President Donald Trump, who has returned to the White House. Unlike previous US presidents, including Joe Biden, Trump’s style is to prioritize monetary gains even on the diplomatic stage that shakes international affairs, treating it like a business.

Seemingly targeting this, Russia sent a message in the document presented to the US on the same day that due to the prolonged Ukraine war, American companies ultimately "left losing money," which appears to have initially drawn a "positive response" from President Trump.

NYT analyzed that Russia’s success in accurately targeting President Trump’s intentions was due to Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), who has connections bridging both the US and Russia and comes from Wall Street.

Dmitriev is known as one of President Vladimir Putin’s close associates. He graduated from Harvard University and Stanford University in the US and has extensive networks and understanding of the US economy and society, having worked at the US consulting firm McKinsey and investment bank Goldman Sachs. He has also been considered one of the key figures closely involved in the "behind-the-scenes dialogue" between the US and Russia since the first Trump administration.

Meanwhile, on the 19th (local time), Dmitriev told the Russian state news agency TASS that "RDIF expects American companies to return to the Russian market as early as the second quarter of this year." However, he added, "The return process for American companies will not be easy because many niche markets have already been occupied."

This content was produced with the assistance of AI translation services.