Finance

Russia's wealth fund chief says Trump could change history

Published by Global Banking & Finance Review

Posted on January 21, 2025

2 min read

· Last updated: January 27, 2026

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Kirill Dmitriev, CEO of Russia's wealth fund, comments on Trump's leadership - Global Banking & Finance Review
Kirill Dmitriev, head of Russia's $23 billion sovereign wealth fund, discusses Trump's potential to change history through decisive leadership. This image highlights the intersection of finance and global politics.
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MOSCOW (Reuters) - The head of Russia's $23 billion sovereign wealth fund praised U.S. President Donald Trump on Tuesday, saying his raft of orders showed that decisive leadership could change the

Russia Wealth Fund Leader Praises Trump's Historic Potential

MOSCOW (Reuters) - The head of Russia's $23 billion sovereign wealth fund praised U.S. President Donald Trump on Tuesday, saying his raft of orders showed that decisive leadership could change the course of history, boost growth and open opportunities for dialogue.

Within hours of his inauguration, Trump issued a flurry of orders intended to boost oil and gas production, unwind former President Joe Biden's climate agenda, curb immigration and roll back environmental regulations.

Russian officials, mindful of Trump's approach to Russia during his first term, have so far reacted cautiously to Trump's return, including his intention to speak to Russian President Vladimir Putin about ending the war in Ukraine.

"President Trump's bold actions today prove that decisive leadership can change the course of history, unlocking economic growth and transforming global challenges into opportunities for dialogue and resolution through problem solving," said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF).

Dmitriev, a U.S.-educated former Goldman Sachs banker, played a role in early contacts between Moscow and Trump's team when he was first elected President in 2016.

Dmitriev is currently under U.S. sanctions, which Russian officials dismiss as illegal and unfounded.

Putin, speaking to his Security Council on Monday, congratulated Trump on assuming office, expressing openness to dialogue with the new U.S. administration and praising Trump's desire to resume direct contacts with Russia.

Putin met with Dmitriev on January 13, one week before the inauguration. The two discussed RDIF's investments, valued at 2.3 trillion roubles ($22.53 billion), according to the official transcript of the meeting published on the Kremlin's website.

RDIF did not say whether Dmitriev is likely to play a role in any future contacts between Moscow and the U.S. administration.

Trump, in his inauguration speech, said he was saved by God from an assassin's bullet in June to "make America Great again" and vowed that he would make the United States "far more exceptional than ever before".

($1 = 102.0705 roubles)

(Reporting by Reuters; editing by Guy Faulconbridge)

Key Takeaways

  • Russia's wealth fund chief praises Trump's decisive leadership.
  • Trump's orders aim to boost oil and gas production.
  • Russian officials are cautious about Trump's return.
  • Putin expresses openness to dialogue with Trump.
  • RDIF investments valued at 2.3 trillion roubles.

Frequently Asked Questions

What is the main topic?
The article discusses Russia's wealth fund chief praising Trump's leadership and its potential impact on history and economic growth.
How has Trump been received by Russian officials?
Russian officials have reacted cautiously to Trump's return, considering his past approach to Russia.
What actions has Trump taken recently?
Trump issued orders to boost oil and gas production and roll back environmental regulations.

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