Bessent said no economic relief for Russia until Ukraine war ends
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026.
Courtesy: U.S. Treasury Department
U.S. Treasury Secretary Scott Bessent reportedly told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war in Ukraine continues.
The two officials met on the sidelines of a Group of 20 finance leaders’ gathering in Asheville, North Carolina.
Bessent’s remarks came as Siluanov’s first in-person appearance at the summit since Russia’s invasion of Ukraine in 2022 drew objections from other European leaders. European governments have planned to expand sanctions to further squeeze Moscow’s economy and finances.
The rare meeting underscored Washington’s willingness to reopen high-level diplomatic channels with Moscow, even as European allies have intended to keep the nation isolated while the war continues.
Bessent made it clear to Siluanov that “nothing is possible until the war is over,” when the Russian minister brought up other areas of mutual interest, Reuters reported.
The meeting centered on President Donald Trump’s peace plan for Ukraine and economic growth, according to Axios, while Russia’s finance ministry described the discussions as covering financial cooperation between the two nations within the G20 framework.
Russia’s surprise return to the table sparked dismay among European officials, who opposed appearing with Siluanov in the traditional G20 photo, which was ultimately taken without the Russian minister.
