U.S. President Donald Trump is preparing a package of economic concessions for Russian President Vladimir Putin that would grant Moscow access to Alaska’s rare earth and other mineral deposits, the Daily Telegraph reported, citing officials familiar with the plans. The proposal is aimed at persuading the Kremlin to end its war in Ukraine and is expected to be presented during a summit between the two leaders in Alaska on Friday. In addition to offering mining rights, Trump is considering easing select U.S. sanctions on Russia’s aviation sector, potentially allowing Russian carriers to obtain critical spare parts, the report said. Specific terms for a potential cease-fire or peace agreement were not disclosed, and the White House has not publicly commented on the details. If confirmed, the initiative would mark the most significant U.S. attempt to use economic incentives to broker an end to the conflict since Russia’s full-scale invasion of Ukraine began in 2022.