A significant data-point to keep an eye on is whether there will be an extension to the suspension of sanctions against Russian energy products (oil and LNG) for the global market.
The current sanctions relief measures are scheduled to expire on today.
April 9 (Reuters) – Russian President Vladimir Putin’s special envoy Kirill Dmitriev is currently in the U.S. and is meeting members of U.S. President Donald Trump’s administration for discussions on a peace deal for Ukraine and U.S.-Russia economic cooperation, sources with knowledge of the visit told Reuters.
The visit comes before the U.S. decision on whether to extend sanctions relief on Russian oil, which expires on April 11 and could also be on the agenda.
The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent described as a step to stabilize global energy markets roiled by Iran war.
The sanctions relief took place after a call between Trump and Putin on March 9 and a subsequent visit to the U.S. by Dmitriev to discuss the energy crisis with a U.S. delegation that included Trump’s special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner. (more)
