US President Donald Trump has reportedly been exploring ways to ease sanctions on Russia as part of a broader effort to facilitate peace negotiations over Ukraine, Bloomberg has reported.
The US has imposed multiple rounds of sanctions on Moscow since 2022, targeting major financial institutions and the energy sector in response to the escalation of the Ukraine conflict. Last week, Trump stated that he is “strongly considering” imposing additional banking sanctions and tariffs on Russia to push for a peace settlement.
However, Bloomberg has claimed, citing anonymous sources, that Trump’s advisers are also looking at what sanctions the US could lift or tweak in order to encourage Moscow to agree to a ceasefire. These steps reportedly include potentially lifting the $60-per-barrel price cap on Russian oil as part of a sanctions relief plan.