This combination of photos taken on March 17, 2021 shows US President Joe Biden(L) during remarks about the implementation of the US rescue plan in the State Dining Room of the White House in Washington, DC on March 15, 2021, and Russian President Vladimir Putin as he and his Turkish counterpart make a joint press statement following their talks in the Moscow Kremlin on March 5, 2020.
Eric Baradat | AFP | Getty Images
The upcoming US-Russia summit will be a pivotal time to reinvigorate poor relations between the two countries, Kirill Dmitriev, the CEO of Russia’s sovereign wealth fund RDIF, told The Washington City Times on Friday.
President Joe Biden meets with President Vladimir Putin on June 16 in Geneva, Switzerland, in what will be their first face-to-face meeting since Biden took office. The summit is taking place amid sanctions and allegations of election meddling, human rights violations, disagreements over the Middle East and many other issues.
“I compare (the) relationship between the US and Russia to a falling knife and we have to catch this knife on the 16this until it falls to the ground,” Dmitriev told The Washington City Times’s Hadley Gamble at the St. Petersburg International Economic Forum.
“There are a lot of real issues that are different, but there are also really a lot of misunderstandings and we need to at least get a lot more involved and start communicating because when we see things being done there are really a lot of wrong assumptions in the decisions that are made.” be taken,” he added.
In the latest escalation between the two sides, Russia has proposed canceling dollar-denominated oil contracts if the US imposes new sanctions. Also on Thursday, Treasury Secretary Anton Siluanov confirmed that US dollar assets will be cut from the $186 billion National Wealth Fund.
Relations between Moscow and Washington deteriorated in 2014 after Russia’s annexation of Crimea, leading to US sanctions. But according to Andrey Kostin, the chairman of Russia’s VTB Bank, the link reached its “lowest possible level” during Donald Trump’s presidency.
“I’m a little skeptical because the previous records don’t give us too much cause for excitement,” Kostin told The Washington City Times of the upcoming summit, adding that it’s nonetheless “very, very good that the two leaders will meet.”
At the same event, he told The Washington City Times on Friday that Putin and Biden “definitely” will not worsen the relationship.