President Vladimir Putin on Sunday appointed Kirill Dmitriev, the chief of Russia's sovereign wealth fund, as a special envoy on international economic and investment cooperation.

A US-educated former Goldman Sachs banker, Kirill Dmitriev has cut an unexpected figure at recent talks between the US and Russia in Riyadh.

Russia is open for economic cooperation with the U.S., President Vladimir Putin' new special envoy on international economic cooperation said in response to President Donald Trump's call for "major economic development transactions with Russia".

His main role, his main task, is what Putin assigned him: to get the Americans to lift sanctions pressure. That’s his job,” Russia’s former deputy foreign minister, told NBC News.

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But, from Vladimir Putin’s point of view, he had good reason to be part of it. As the boss of one of Russia’s state-backed investment funds, Mr Dmitriev has been cutting deals for more than a decade.

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Russia's sovereign wealth fund chief Kirill Dmitriev will meet a U.S. delegation in Saudi Arabia on Tuesday to focus on strengthening ties and increased economic cooperation, a source in Riyadh told Reuters.

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"Russia is open for U.S.-Russia economic cooperation and believes such cooperation is key for more resilient global economy," envoy Kirill Dmitriev, appointed on February 23, said in a statement.