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Trump plans envision major U.S. investment in Russia, restoring oil flows to Europe, WSJ says

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MOSCOW, Dec 11 (Reuters) - ​U.S. President Donald Trump's plan for peace in Ukraine includes proposals to restore Russian energy flows to ⁠Europe, major U.S. investment in Russian rare earths and energy, and tapping frozen Russian sovereign assets, the Wall ‍Street Journal said.

The newspaper said the plans were detailed in appendices ​to peace proposals handed to European counterparts over recent weeks.

They include a plan for U.S. financial firms and other ​businesses to tap $200 billion of frozen Russian sovereign assets for projects in Ukraine, including a major new data center powered by the Zaporizhzhia nuclear power plant now controlled by Russian forces, the paper said.

U.S. ‌companies would invest in Russian strategic sectors such as ‌rare-earth extraction and oil drilling in the Arctic, while Russian energy flows ​to Western Europe and the world would be restored, it added.

The paper said one unidentified European official compared ‌the proposed U.S.-Russian energy deals to an economic version of ⁠the 1945 Yalta conference.

At that meeting, the victors ‌of World War Two, ​the Soviet Union, the United States and Britain, divided up their spheres of interest in Europe.

Russia invaded Ukraine in ⁠February 2022 after ⁠eight years of fighting between Russian-backed separatists and Ukrainian troops ​in the Donbas, formed of the Donetsk and Luhansk regions.

(Reporting by Guy Faulconbridge; ‌Editing by Clarence Fernandez)

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