US and Russia talks aimed at ending the war in Ukraine reportedly now include a multibillion-dollar oil transaction. Multiple outlets, citing reporting by The New York Times, say the proposed deal centers on Russian energy group Lukoil’s global assets.

The reporting describes the arrangement as being contingent on approvals from both the U.S. government and the Kremlin. It is also described as involving business participants with ties to U.S. negotiators Steve Witkoff and Jared Kushner, with additional mention of a consortium that includes American investor Todd Boehly and Middle Eastern business groups.

One outlet specifies that Vladimir Putin raised the oil deal during a meeting in early September with Witkoff and Kushner at the Kremlin. Other summaries emphasize the expansion of the diplomatic effort and the role of Middle Eastern executives connected to the U.S. side. Across the coverage, outlets focus on how the oil component is linked to the ongoing negotiations and the conditions required for the proposal to proceed.