Kirill Dmitriev, the Kremlin's envoy and head of the Russian Direct Investment Fund, plans to meet in New York with Steve Witkoff and Jared Kushner, where they are expected to outline US proposals on the conflict in Ukraine, according to someone familiar with the matter who requested anonymity due to the sensitive nature of the information. No other specifics about the planned meeting were available.
A Ukrainian delegation is likewise in New York to attend United Nations gatherings. The Ukrainian publication ZN.ua earlier said that a trilateral meeting involving Kyiv officials was being arranged for Thursday in New York. A spokesperson for President Volodymyr Zelenskyy said Ukraine's delegation was headed back to the country, and Dmitriev said there were no plans for a trilateral meeting.
Earlier this month, Witkoff and Kushner, who is US President Donald Trump's son-in-law, visited Moscow and Kyiv in an effort to nudge talks on ending the war. After those visits, Vladimir Putin and Trump held a call that Kremlin foreign policy aide Yuri Ushakov characterized as "constructive and quite candid." According to people briefed on the discussions, the meetings in the Kremlin did not yield any significant progress.
As the full-scale invasion approaches its fifth winter, people familiar with the matter said Putin has remained set on taking full control of the Donetsk region in eastern Ukraine. Kremlin spokesman Dmitry Peskov did not respond right away to a request for comment, and the Russian Direct Investment Fund declined to comment.
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With diesel prices rising around the world, the US has supported a proposal focused on energy targets. Under the idea, Moscow would stop strikes on Ukraine's energy infrastructure while Kyiv would halt attacks on Russian oil refineries. For now, there has been little indication that Putin is prepared to accept it.
If backchannel talks turn into concrete proposals, that can shift expectations on energy supply, sanctions pressure, and how long the war drags on. Keep an eye on any signals of a pause in energy targeting from either side, since that can flow straight into fuel costs and shipping rates, and from there into everyday inflation.
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