Bessent Declares No Sanctions Relief for Russia Until Ukraine War Ends

U.S. Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements would occur while the war in Ukraine continues. This statement was made during a meeting at the G20 Finance Ministers gathering in Asheville, North Carolina. European governments plan to expand sanctions against Russia, intending to keep the country isolated. Bessent emphasized that 'nothing is possible until the war is over', indicating the U.S. position amidst ongoing European opposition to Russian involvement in the summit, which is indirectly influential for global financial markets.