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The Economic Times

Top News / The Economic Times

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US indicated it would not ease Russian oil sanctions again, EU's Sefcovic says

European Trade Commissioner Maros Sefcovic discussed U.S. sanctions relief on Russian oil with U.S. Treasury Secretary Scott Bessent. Sefcovic understood the relief was temporary, addressing difficulties faced by lower-income nations due to Strait of Hormuz closures. Both officials also focused on fertilizer supply chain disruptions impacting Europe and Africa. Bessent urged G20 nations to act on fertilizer access.

25 Apr 2026 6:35 am