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Aug 31, 2026

Scott Bessent tells Russia no economic relief until Ukraine war ends

U.S. Treasury Secretary Scott Bessent informed Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, North Carolina on August 31, 2026, that no economic relief or sanctions easing would be possible until Russia ends its war in Ukraine. The message crystallizes the Trump administration's strategy of maintaining economic pressure on Moscow.

Aug 31, 2026·5 sources
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Top claims

  • ▪White House spokesman Kush Desai stated that the Trump administration is working with Russia to push for a peace deal to stop the bloodshed in Ukraine.
  • ▪US Treasury Secretary Scott Bessent met with Russian Finance Minister Anton Siluanov on August 31, 2026, on the sidelines of the G20 finance leaders' meeting in Asheville, North Carolina.
  • ▪Russia has proposed approximately $12 trillion in potential economic cooperation with the US, spanning energy ventures and sanctions relief.

Topics

Sanctions & economic countermeasuresRussia-Ukraine warEconomic warfareUS foreign policyUkraine peace & ceasefire talks

Related entities

RussiaUkraineUnited States

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