How big is the prize of reopening Russia?
The Economist
February 17, 2026
AI-Generated Deep Dive Summary
The Kremlin has reportedly offered $12 trillion worth of deals to the Trump administration as part of efforts to reopen relations with Russia. This massive economic proposal comes amid ongoing discussions about ending the war in Ukraine, with Volodymyr Zelensky claiming that Russia has promised these deals in exchange for sanctions relief. While no official confirmation exists, sources suggest a potential agreement has already been reached. These negotiations, separate from the broader peace talks led by the U.S., raise concerns among European partners who fear Trump could pressure Ukraine into significant concessions by his June deadline for peace, all to secure lucrative economic opportunities with Russia.
The proposed deals highlight the vast economic potential at stake for both nations and global businesses. If realized, they could pave the way for increased trade, investments, and partnerships across industries such as energy, technology, and infrastructure. However, this move also carries significant risks, including geopolitical tensions and the possibility of fraud or mismanagement of funds. The situation underscores Russia's strategic use of economic leverage to influence international relations, a tactic that has drawn criticism from Western allies.
For global businesses, these developments present both opportunities and challenges. Multinational corporations may see new avenues for expansion in Russia, but they must navigate complex political landscapes and potential reputational risks. Meanwhile, European nations remain wary of Trump's approach, fearing it could undermine their efforts to achieve a sustainable peace in Ukraine. The situation underscores the delicate balance between economic interests and geopolitical stability, making it a critical issue for businesses and policymakers alike.
This potential reopening of Russia's economy could reshape international trade dynamics and global business strategies. While the exact details and implications remain uncertain, the stakes are high for all parties involved. Businesses must carefully weigh the potential benefits against the risks as they consider how to engage with Russia in this evolving landscape.
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Originally published on The Economist on 2/17/2026