The US government is reportedly considering measures to alleviate sanctions on Russia’s energy sector, as part of a comprehensive strategy to swiftly provide relief if an agreement is reached to end the conflict in Ukraine. According to Reuters, citing sources familiar with the discussions, the White House has directed the Treasury Department to examine options for easing energy sanctions in anticipation of potential talks aimed at resolving the three-year-old war.

The initiative could involve lifting sanctions on certain Russian entities and individuals, though it remains uncertain whether this will extend to the country’s significant oil and gas industry. The US has previously led efforts to impose a price cap of $60 a barrel on Russian oil exports, aiming to cut off funding for Russia’s war efforts.

President Donald Trump has signaled plans to meet with Russian President Vladimir Putin in Saudi Arabia in the coming weeks to negotiate a potential peace deal. Analysts suggest that the relaxation of sanctions may be a key component of any such agreement. Trump also mentioned the possibility of imposing additional large-scale US sanctions on Russia following recent attacks on Ukrainian energy and gas infrastructure.

The review of US actions against Russia includes potential sanctions relief for selected Russian oligarchs and is part of a broader effort by the Trump administration to be prepared for swift action in lifting sanctions to prevent delays and economic disruptions. The Treasury is also assessing the potential impact on global oil prices and trading patterns that could result from Russia’s full reintegration into the market.

While the US contemplates these changes, China and India have maintained their purchases of Russian oil, although payment issues and gaps in ship insurance have posed challenges to these transactions. The White House National Security Council and Treasury have not commented on the matter.

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