Oil Deals

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October 23, 2026The restrictions that have been crippling Ukraine’s ability to protect itself from Russia continue in spite of Trump’s statement to the contrary, Oil deals explain Trump’s rush to normalize relations with Russia, The Polar LNG project, designed to liquefy natural gas in Alaska, will be funded with money from Novatek, a Russian company currently under US sanctions, Trump lifted new sanctions against Novatek that had been put into place in the recently passed Graham Act, The CEO of Polar LNG resigned when he learned funding will come from Russia, Trump, Putin, and their allies in the administration are pushing to carve the world up into spheres of influence as quickly as possible before the midterms, The deal to capture Venezuela’s oil sets up a partnership between the US and Alejandro Betancourt who has been accused of money laundering, The US is looking at taking a stake in Betancourt’s firm, buying shares in a parent company based in Barbados which enables investors to remain hidden, The deal appears to violate Venezuelan law, The administration is also suggesting it will take steps to control Cuba. To read this letter, click here:Listen on Apple PodcastsListen on SpotifyYou can also find Heather at:YouTubeBlueskyInstagramFacebookThreadsTikTok Get full access to Letters from an American at heathercoxrichardson.substack.com/subscribe