Interviews and documents show a Russian energy giant secretly funded a U.S. firm. The deal has been discussed in talks to end the war in Ukraine.
Page F125From§Eachthe evening edition — 24 October 2026
Alaska pipeline unveiled, fast-tracked past review, secretly financed by Russia — now a bargaining chip in Ukraine peace talks.

As it ran on the front
On September 30th, the president stood in front of a map of Alaska and introduced a $54 billion piece of a $200 billion deal — a gas pipeline, eight nuclear plants, a power grid — with Senator Dan Sullivan placed at center stage and Commerce Secretary Howard Lutnick beside him. All together now: read the backdrop, not the speech. The financing behind the U.S. firm folded into that pipeline went unmentioned from the podium.
Eight days later, on October 8th, the administration exempted winter exploration projects on Alaska's North Slope from environmental review. The Washington Examiner's own word for the move was "accelerating" — the agency's approvals outrunning the agency's paperwork by a little over a week.…
…(cont) Today, The New York Times reports, citing interviews and records, that a Russian energy giant secretly financed the U.S. firm now folded into that same Alaska gas pipeline. The deal has come up in the talks meant to end the war in Ukraine — the war the financier is fighting. It says only that the arrangement was secret, that it is documented, and that it has surfaced in the negotiations to end the war its financier is prosecuting.
So the record now runs in order: a stage and a senator on September 30th, $54 billion announced to cameras. An environmental review waived eight days later. And underneath both, a financing trail — Russian, hidden, now in the open — running through the pipeline Washington is treating as a bargaining chip with the country supplying the financing.
I write investigations. Normally that means reading a two-hundred-page filing until a number stops making sense. This one required no filing at all — three announcements, eight days, and a line in a newspaper story linking a war's financier to a war's bargaining chip. The administration never had to disclose the financing, because disclosure was never the format. The format was a stage, a flag backdrop, and a senator standing where the cameras could find him.
All together now: the project is still called the Alaska LNG pipeline. The stage still has Sullivan's name on the program. The war is still being fought by the same company whose money is somewhere inside the deal. Nothing about the project has changed since September 30th except what we now know was underneath the stage the whole time.
“They put a flag and a senator on the stage, call it energy independence, and skip the part where the money underneath is Russian. That same pipeline is now a chip on the table in the talks to end the war that money is bankrolling. This isn't diplomacy, it's laundering a war through a photo op.”
“Look, international energy financing is complicated — private firms take private capital from all kinds of counterparties, that's just how global LNG deals get structured. The administration didn't finance anything, a company did, and companies raise money, that's... did I just defend a Russian energy giant quietly bankrolling the pipeline the President stood next to a senator for? That doesn't sound like me.”
The receipts
· Trump puts Sullivan at center stage during Alaska pipeline reveal from the morgue, 30 Sep 2026
· Watch live: Trump, Lutnick to announce major US energy investments from the morgue, 30 Sep 2026
· Trump fast-tracks Alaska drilling, exempting some projects from environmental reviews from the morgue, 8 Oct 2026
· WATCH LIVE: Trump to announce natural gas project in Alaska from the morgue, 30 Sep 2026
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front. The byline is a pen name for a column drafted by a machine and checked by the editor: how this is made.