Russia Energy Talks With Trump Administration Signal Potential Sanctions Shift. Russian envoy Kirill Dmitriev met with US officials including Trump's special envoy Steve Witkoff in Florida to discuss global energy market stability and Russian oil and gas supply. Dmitriev stated that the US is recognizing Russia's systemically important role in the global economy. Trump previously suggested lifting certain oil-related sanctions to reduce prices following a call with Putin. The US issued a temporary waiver on Russian oil deliveries to India last week, prompting Indian refiners to purchase 30 million barrels of seaborne Russian crude. Meanwhile, Brent crude jumped above $100 per barrel amid Middle East tensions and China's fuel export restrictions. Ukrainian officials warn that any sanctions relief could provide Moscow with economic windfalls during its ongoing invasion.
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