U.S. Treasury Secretary Scott Bessent stated that Washington is ready to deactivate sanctions against Russian oil in the event of a peace agreement being signed between Russia and Ukraine. According to him, resolving conflicts around Russia, Ukraine, Venezuela, and Iran could lead to a significant increase in oil supply on global markets.
Source: Bukvy
Bessent emphasized that lifting sanctions by the U.S. Treasury in such a case would make it possible to expect a substantial decline in global oil prices. At the same time, he stressed that the decision would directly depend on the results of peace negotiations.
At the same time, Bloomberg sources report that the administration of President Donald Trump has prepared a new package of sanctions against Russia in case diplomatic efforts fail. The restrictions could affect the energy sector, including vessels of the so-called “shadow fleet,” as well as traders who facilitate the export of Russian oil.
Earlier, Senator Lindsey Graham stated that Donald Trump supported a bipartisan bill to strengthen sanctions against Russia. The document предусматривает the possibility of imposing restrictions on countries that purchase Russian oil and, according to the senator, “fuel Putin’s war machine.” A vote on the bill may take place in the near future.
Previously, Scott Bessent also noted that further U.S. sanctions policy toward Russia would directly depend on the progress of peace talks. At the same time, it is known that Russia’s oil revenues in 2025 decreased by 20% compared to 2024 due to growing discounts on crude oil and weak global prices, which creates additional pressure on the Russian economy.
Discussion about this post