Kirill Dmitriev, Vladimir Putin’s economic envoy, has spoken of Russian-American data centres powered by small power stations, following a decree by Trump suspending sanctions.
At Russia's Energy Week in Moscow, Kirill Dmitriev, head of Russia's sovereign wealth fund and a key figure in the Kremlin's economic overtures, said Russia and the United States were discussing "joint projects" for data centers, coupled with small nuclear power plants. He has long touted cheap Russian electricity and nuclear power as assets for AI infrastructure. His remarks, reported by Reuters, came just after Donald Trump's executive order signed on October 16, suspending the application of the Sanctioning Russia Act enacted a month earlier — including a 500% increase in tariffs on Russian goods and 100% tariffs on countries buying Russian oil and gas.
Fleas get stuck
The executive order, however, does not affect the semiconductor export licensing regime managed by the Commerce Department, which is under a separate legal process. Restrictions on A100 and H100 chips to Russia remain in place, and Nvidia has stopped direct sales in the country as of its 2023 fiscal year: without access to these components, any joint project would remain largely theoretical.
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