US President Donald Trump’s envoys told Kyiv that letting Russia sell diesel could draw Moscow back to peace talks, Reuters reported. In the same meeting, they said Russia’s leader was not ready to negotiate. Since then, Moscow has offered nothing in return, and Trump has brushed off claims that Russia helps Iran.

Washington is pressing Ukraine to stop striking Russian refineries and offering Moscow economic incentives to return to peace talks, even though Russia has made no commitment in return. Yesterday, Russian ballistic missiles hit Kyiv before air raid sirens sounded, amid disputed warnings that the US could cut intelligence support. Meanwhile, Ukraine is being asked to halt its long-range campaign against the oil infrastructure that fuels and finances Russia's war.

The pitch: a diesel deal as a signal to Moscow

Trump’s Middle East envoy Steve Witkoff and Trump’s son-in-law Jared Kushner met the Ukrainian delegation in Miami on 9 October. They described Russian President Vladimir Putin as unprepared to negotiate but said the diesel deal could help restart three-way talks, two of the sources said.

The third source said the deal could “soften” Moscow because it “sends a signal that Trump is open to do things” with Russia. One of the sources described the plan:

“The idea was that the US could go back to Russia and say ‘See, the Ukrainians stopped striking and we gave you this deal. Now it’s your turn to do something.’”

Ukraine’s part was to stop hitting Russian refineries. Kushner repeated Trump’s request at the meeting, noting the administration had made it several times, two sources said.

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Kyiv was asked to hold its fire on Russian oil

The Ukrainians agreed to nothing formally, Reuters’ sources said. They signaled they would accept an energy ceasefire if Russia did the same, but saw the US approach as an attempt to appease Russia with business deals.

Two days later, Trump declared an energy ceasefire, and Ukrainian President Volodymyr Zelenskyy said Ukraine was ready if Russia reciprocated. Euromaidan Press has monitored official and unofficial Ukrainian and Russian sources and found no reports of new Ukrainian strikes on Russian refineries after Trump’s announcement. One of the last, on the night of the diesel announcement, knocked out more than half the tanks at a fuel-export terminal in Rostov-on-Don.

Three sources told Reuters the envoys did not threaten to cut US support over the refinery strikes. A Ukrainian official told Axios, however, that the envoys warned Trump could cut Ukraine off from US intelligence, which a US official denied. US officials are also believed to have told European allies that Trump would halt PURL, the NATO scheme for Europe-funded US weapons for Ukraine, unless the strikes stopped, according to FT.

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What Moscow has offered in return

A person close to the Kremlin told Reuters that Putin would return to the table only when he gets “the remaining 11% of Donbas.” Ukraine refuses to cede more land. During the 9 October call that produced the deal, Putin declined to commit to resuming talks, his aide Yuri Ushakov told reporters, Axios reported.

Moscow has not confirmed the energy ceasefire either. Trump insisted on 12 October that the sides had agreed “because I said they agreed,” RFE/RL reported. On the evening of 12 October, Russian munitions collapsed an apartment stairwell in Kharkiv, killing four people. Russian Deputy Prime Minister Aleksandr Novak, meanwhile, claimed diesel exports could reach 3.0–3.5 million tons a month by year-end, above the volumes Trump announced.

“Too much to lose”: Trump on Russia and Iran

Late on 12 October, Trump wrote on Truth Social that he did not believe Russia and China were helping Iran, since they have “too much to lose.” In March, he told Fox News that Putin “might be helping them a little bit.” Asked about Russia’s possible support for Iran, Treasury Secretary Scott Bessent told Fox News on 2 September that his message to everyone was to “stay away.” That month, a Financial Times investigation found Russia secretly helping Iran develop supersonic cruise missiles that could threaten US warships.

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ICE must be abolished.

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Russia has placed the Russian assets of French retailer Auchan, Swiss food giant Nestlé, and the former Leroy Merlin chain under temporary management, stripping the companies of effective control over their businesses in the country.

Foreign companies have long been urged to leave Russia because their continued operations generate revenue for a state waging war against Ukraine. They also face growing risks of asset seizure, legal and financial liabilities, and reputational damage as the Kremlin increasingly uses foreign-owned businesses as political leverage.

Russian President Vladimir Putin signed the decree on 17 September, transferring the assets to L.E.V. Management, a little-known Russian company. The decree also covers Russian assets linked to French logistics companies FM Logistic and Bati Logistics.

The measure does not formally change ownership. However, the companies' Russian assets are now controlled by the Kremlin-appointed administrator, and similar temporary-management arrangements have previously preceded forced sales or transfers to Russian buyers.

L.E.V. Management is headed by Andrei Krayushkin, a Russian Interior Ministry major general who previously served as first deputy head of the ministry's migration department.

According to Reuters, the Kremlin justified the move by pointing to the companies' ties to countries Russia considers "unfriendly." Kremlin spokesperson Dmitry Peskov said the countries involved are actively supporting Ukraine and participating in actions against Russia.

Companies warned they could lose their assets

The move comes after years of warnings to Western companies that remained in Russia carried an increasing risk of expropriation.

Denys Svyrydenkov, a representative of the B4Ukraine coalition, told Euromaidan Press that the organization had repeatedly contacted Auchan, Nestlé, and Leroy Merlin, warning them that their Russian assets could be seized.

"We repeatedly warned these companies about the serious and growing risks of continuing to operate in Russia, including the possibility of losing their businesses through nationalisation," Svyrydenkov said.

According to Svyrydenkov, the companies defended their continued presence in Russia by arguing that they provided essential goods and protected the livelihoods of Russian employees.

He rejected both arguments, saying Russia is largely self-sufficient in food and that Western sanctions do not prevent food or humanitarian goods from reaching the country. He also pointed to Russia's severe labor shortage and historically low unemployment, arguing that alternative employment opportunities are widely available.

"By staying, they were effectively running businesses that were no longer truly theirs," Svyrydenkov said.

Auchan and Nestlé remained in Russia

The three companies took different approaches after Russia launched its full-scale invasion of Ukraine in February 2022.

Auchan did not leave Russia and continued operating its large retail network. It currently has around 230 stores across 100 Russian cities. The chain's Russian turnover reached 127 billion rubles ($1.5 billion) in the first half of 2026, according to The Moscow Times.

Nestlé also remained, but reduced its Russian operations. The company halted investments, withdrew some brands including KitKat and Nesquik, and said it did not intend to profit from its Russian business. It still operates six production sites in Russia, making products including coffee, confectionery, baby food, and pet food.

Leroy Merlin's owner announced its departure from Russia in 2023. Its Russian legal entity was renamed Le Monlid, while its stores now operate under the Lemana Pro brand.

Nestlé said on 18 September that it was assessing its options and would take "all necessary steps" to protect its rights and ensure business continuity, particularly for its employees.

A warning to companies still operating in Russia

The seizure reflects a broader pattern that has emerged since Russia began using temporary administration to take control of Western-owned businesses.

Companies including Danone, Carlsberg and Finnish energy firm Fortum have previously seen their Russian assets placed under state control. Reuters reported that Russia had seized more than $50 billion in foreign assets by 2025.

Svyrydenkov said the latest move was "more than predictable," arguing that Russia has repeatedly used Western companies' exposure to its domestic market as leverage.

"The Kremlin's seizure of the Russian assets of Auchan, Nestle and the former Leroy Merlin reinforces a reality that has been evident for years: Russia is a hostile and unpredictable environment where foreign companies' assets remain at the mercy of an authoritarian regime," he said.

He warned that companies remaining in Russia face the possibility of sudden expropriation while also continuing to generate economic activity inside a country waging war against Ukraine.

"The latest asset seizures should serve as a warning to all companies still operating in Russia: waiting for the Kremlin to decide the fate of your business is not a risk-management strategy," Svyrydenkov said.

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