How are Ukraine peace talks between the US and Russia evolving, and what economic impacts are driving these discussions?

Ukraine peace talks between the US and Russia are evolving to include substantial economic discussions. According to Kirill Dmitriev, CEO of the Russian Direct Investment Fund, US companies have lost an estimated $300 billion by exiting the Russian market following Western sanctions. Both sides are now considering economic initiatives that could move forward within two to three months. These discussions are occurring while Russia remains under extensive Western sanctions imposed after its invasion of Ukraine, which have restricted trade, frozen Russian currency reserves, and cut off Russian banks from global financial networks. Despite these measures, Russia's economy has continued to grow, largely driven by military spending that now accounts for approximately 10% of its GDP.