Trump plans to consider sanctions relief for Russia: Report

The United States is strategising a plan to potentially provide sanctions relief to Russia, as President Donald Trump aims to rebuild diplomatic relations with Moscow and end the Ukrainian conflict, according to Reuters citing sources.

The state and treasury departments have received instructions from the White House to compile a list of sanctions that could be reduced. These discussions with Russian representatives are part of broader diplomatic and economic negotiations, according to informed sources.

Officials are currently developing a proposal to lift sanctions on specific entities and individuals, including certain Russian oligarchs, the sources confirmed.

Whilst options papers are standard procedure in sanctions-related work, this recent White House request highlights the administration's readiness to consider reducing Russian sanctions as part of potential negotiations with Moscow.
The specific concessions Washington might seek in exchange remain unclear.

As a major global oil producer, Russia's potential relief from US energy sanctions could help stabilise fuel prices, particularly if Trump implements restrictions on Iranian oil exports.

Relations deteriorated "below zero" during Joe Biden's administration, according to the Kremlin, as Biden supported Ukraine with military aid and imposed strict sanctions following Russia's 2022 invasion.

Trump, promising swift conflict resolution, has rapidly shifted US policy through direct engagement with Russian President Vladimir Putin, beginning with a February 12 phone call, followed by US-Russian meetings in Saudi Arabia and Turkey.

US sanctions since 2022 have targeted Russia's oil and gas revenues and its war-funding capabilities. Western nations implemented a $60-per-barrel price cap on Russian oil exports, with Biden's administration imposing its strictest measures on January 10.

Trump initially warned of increased sanctions if Putin refused peace negotiations. However, recent administration statements have acknowledged possible sanctions relief.

During a February 20 Bloomberg Television interview, treasury secretary Scott Bessent suggested Russia could receive economic relief based on upcoming negotiations. Trump mentioned potential sanctions easing on February 26.

The White House requested the sanctions relief plan before Trump extended the Ukraine-related state of emergency. These emergency measures, dating from March 2014 under Obama's presidency, target assets and individuals involved in Russia's military actions.

The specific sanctions under consideration remain undefined. While Trump could initiate some relief through executive order, certain changes would require congressional approval, according to John Smith, former Treasury Department official.

Despite establishing a wartime economy since 2022, Russia's economic vulnerabilities persist, necessitating Western sanctions relief, experts suggest.