Treasury Secretary Bessent Signals Potential Russia Sanctions Rollback in Ukraine Peace Talks

(Bloomberg) —

Treasury Secretary Scott Bessent signaled that sanctions relief for Russia could be on the table in talks over the Ukraine war, saying the US is prepared to either ramp up or take down penalties based on Russia’s willingness to negotiate.

“That’d be a very good characterization,” he said in response to a question about the potential for adjustments in either direction, in an interview on Bloomberg Television Thursday. “The president is committed to ending this conflict very quickly.”

Bessent said some recent remarks by Ukrainian president Volodymyr Zelenskiy suggesting that US President Don…