Trump administration weighs lifting sanctions on a Russian state fund

The US Treasury is reviewing the Russian Direct Investment Fund's application for sanctions relief, a US official confirmed. The fund must show that the reasons it was sanctioned no longer apply.

While officially a sovereign wealth fund, RDIF is widely considered a slush fund for President Vladimir Putin and is emblematic of Russia's broader kleptocracy.

— US Treasury Department, 2022

Russia is pressing for relief so the fund can help supply Russian diesel to the United States, according to people familiar with the talks. Its head, Kirill Dmitriev, is a key figure in Russia-US talks.