Bank Of Baku

US Treasury may lift sanctions on Russian oil if Ukraine conflict is resolved

US Secretary of the Treasury Scott Bessent

© APA | US Secretary of the Treasury Scott Bessent

# 12 February 2026 02:25 (UTC +04:00)

The US Department of the Treasury sanctions on Russian oil will be lifted if the Ukrainian crisis is resolved peacefully, which will contribute to a reduction in global energy prices, US Treasury Secretary Scott Bessent said, APA reports citing Fox News.

"And then with the peace deals, I think we could see substantial decreases in the oil price with Venezuela, Iran, and if Russia, Ukraine get settlement, that's a lot more oil that gets unsanctioned by Treasury, that can go into the market. And nothing helps consumers more than lower energy prices," he told Fox News.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED