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

Wait 5 sec.

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.