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Bessent met with Russian counterpart at G20

Treasury official Gene Lange joined the US delegation visiting Moscow, signaling that economic sanctions were a focus of the discussions. This diplomatic movement follows US Treasury Secretary Scott Bessent meeting Russian Finance Minister Anton Siluanov at the G20, where Bessent stated that sanctions will remain until the war ends. Bessent blamed Ukraine attacks on Russian refineries alongside a US conflict in Iran for rising energy prices. Meanwhile, President Volodymyr Zelenskyy confirmed the expected arrival of the American delegation in Ukraine.

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What changed

Reporting reveals that Treasury official Gene Lange was part of the US delegation to Moscow, indicating sanctions were included in the discussions.

Live updates

  1. US Envoys and Treasury Official Travel to Moscow for Talks

    Treasury official Gene Lange joined the US delegation visiting Moscow, signaling that economic sanctions were a focus of the discussions. This diplomatic movement follows US Treasury Secretary Scott Bessent meeting Russian Finance Minister Anton Siluanov at the G20, where Bessent stated that sanctions will remain until the war ends. Bessent blamed Ukraine attacks on Russian refineries alongside a US conflict in Iran for rising energy prices. Meanwhile, President Volodymyr Zelenskyy confirmed the expected arrival of the American delegation in Ukraine.

    Why it matters

    The diplomatic engagement highlights ongoing negotiations regarding the conflict in Ukraine while Western economic restrictions remain in place. Treasury Secretary Scott Bessent previously linked global energy price pressures to both Ukrainian refinery strikes and US military involvement in Iran. Envoys Steve Witkoff and Jared Kushner are managing diplomatic efforts in coordination with scheduled visits to regional capitals.

    What is confirmed

    • Treasury official Gene Lange was part of the US delegation to Moscow.

    What to watch next

    • Developments from the scheduled weekend visits of US envoys Steve Witkoff and Jared Kushner to Moscow and Kyiv
    • Official updates on the diplomatic outcomes regarding US-imposed sanctions on Russia
    Sources used for this update (5)
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    3. www.indiaweekly.biz — SEBI digs in against Hindenburg and Kingdon over Adani trades
    4. www.yahoo.com — US delegation to Moscow included Treasury official in charge of sanctions, Axios says
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  2. Bessent blames Ukraine energy strikes for price surges as US envoys plan Kyiv-Moscow trip

    US Treasury Secretary Scott Bessent attributed rising energy prices to Ukraine's attacks on Russian refineries, though he noted a US conflict in Iran also contributes. This follows his G20 meeting with Russian Finance Minister Anton Siluanov where Bessent maintained that economic sanctions will persist until the war ends. Meanwhile, US envoys Steve Witkoff and Jared Kushner are scheduled to visit Moscow and Kyiv this weekend to continue diplomatic efforts. President Volodymyr Zelenskyy confirmed the expected arrival of the US delegation in Ukraine.

    Why it matters

    The US is balancing strict economic pressure on Russia with high-level diplomatic outreach. These movements occur amid tensions with European allies who protested the inclusion of sanctioned Russian officials at G20 events.

    What is confirmed

    • US envoys Steve Witkoff and Jared Kushner are expected to visit Moscow and Kyiv this weekend.
    • President Volodymyr Zelenskyy stated that Witkoff and Kushner are still expected to visit Kyiv.
    • Treasury Secretary Scott Bessent stated Ukraine is creating upward price pressure by hitting Russian refineries.

    Still unconfirmed

    • A US war in Iran is partly responsible for energy price surges.

    What to watch next

    • Outcomes of the Witkoff and Kushner meetings in Moscow and Kyiv.
    • Official US response to the impact of Iranian conflict on global energy markets.
    Sources used for this update (8)
    1. www.indiaweekly.biz — India’s GDP numbers draw fire over changes to last year’s data
    2. english.nv.ua — Witkoff and Kushner still expected in Kyiv — Zelenskyy
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    4. tass.com — Ensuring Russian electric power sector’s security under special control of government
    5. tass.com — US envoys Witkoff, Kushner to visit Moscow, Kiev this weekend — Axios
    6. www.kyivpost.com — Bessent Points Finger at Ukraine for Energy Price Surge
    7. www.thestar.com.my — Japan’s Katayama set to stay as Finance Minister: Reports
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  3. Bessent Meets Russian Finance Minister Amid European G20 Protest

    US Treasury Secretary Scott Bessent met with Russian Finance Minister Anton Siluanov during a G20 meeting in Asheville. While Donald Trump defended the invitation of the sanctioned Russian minister, European allies shunned Siluanov and protested his attendance. Bessent informed Russia that economic pressure will remain and no relief will be granted until the war in Ukraine ends. Siluanov countered that bilateral economic ties could help resolve political issues. The meeting occurred as the US barred journalists from the event and Siluanov was excluded from the finance ministers' family photo.

    Why it matters

    The G20 serves as a primary forum for global economic coordination between the world's largest economies. Russia's return to the summit under US hosting signals a shift in diplomatic approach by the Trump administration. This move clashes with the current European strategy of isolating Moscow over the invasion of Ukraine.

    What is confirmed

    • Scott Bessent met with Russian Finance Minister Anton Siluanov at the G20.
    • Donald Trump invited the Russian finance minister to the G20 meeting.
    • European nations voiced disapproval and shunned the Russian finance minister at the US-hosted event.
    • Anton Siluanov was excluded from the G20 finance ministers' family photo.
    • The US barred journalists from the G20 ministers' meeting.
    • The G20 meeting took place in Asheville.

    Still unconfirmed

    • Ukraine's strikes on Russian oil partly fueled a global energy shock.

    What to watch next

    • Official US or Russian government statements confirming the specific terms of the Bessent-Siluanov dialogue
    • Further diplomatic responses from European leaders regarding Russia's G20 participation
    Sources used for this update (20)
    1. The Washington Post — Russian finance minister, invited by Trump, draws objections at G-20 meeting
    2. Reuters — US irks G20 ministers by bringing back Russia, barring journalists
    3. Politico — Trump welcomes Russia back to the G20. Europe isn’t having it.
    4. The Guardian — Ukraine war briefing: Pressure stays on Russian economy until war is over, says Bessent
    5. CNBC — Bessent reportedly tells Russia no economic relief until Ukraine war ends as Europe snubs Moscow at G20
    6. Financial Times — Europeans shun Russian finance minister at US-hosted G20 meeting
    7. Axios — Bessent met with Russian counterpart at G20
    8. Time Magazine — Trump Defends Hosting Russia at G20 as Europeans Voice Disapproval
    9. The Hill — Europe blasts Russian finance minister’s attendance at Asheville G20
    10. NBC News — Allies bristle as sanctioned Russian finance minister attends U.S.-hosted G20 summit
    11. Foreign Policy — Moscow’s Moment of Global Summitry
    12. www.nbcnews.com — Allies bristle as sanctioned Russian finance minister attends U.S.-hosted G20 summit
    confidence 90%