Sanctions relief for Russia could be on the table, US Treasury Secretary Scott Bessent said on Bloomberg Television, a remark that feeds European fears that the US may walk away from its support for Ukraine. He said the US is prepared to either ramp up or take down penalties based on Moscow’s willingness to negotiate a peace deal.

Russia could win some relief from U.S. sanctions based on its willingness to negotiate an end to its war in Ukraine, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Thursday.

US Treasury Secretary Scott Bessent told Bloomberg Television on Thursday that Russia’s willingness to negotiate an end to the war in Ukraine could lead to Washington easing some sanctions. Bessent further stated that he would be urging China to rebalance its economy towards increased consumer spending in a meeting with his Chinese counterpart on