Yellen Suggests Russian Sanctions Won’t Be Dropped Even If There’s Peace

( According to U.S. Treasury Secretary Janet Yellen, some sanctions against Russia are likely to continue even if the conflict in Ukraine is resolved.

The United States and its partner’s sanctions against Russia will typically be reviewed as part of any future peace agreement, according to Yellen, who is in Bali, Indonesia, for the annual G-20 summit. However, statements show that the Biden administration is inclined to keep up its long-term pressure campaign against the Russian economy.

According to Yellen in an interview at the G-20 on November 14, there hasn’t been any effort on Russia’s behalf to desire to enter negotiations with Ukraine on any terms acceptable to Ukraine.

“I suppose sanctions could be adjusted in the context of a peace accord and might even be necessary. Given what had occurred, we would feel that some sanctions should remain in place,” she said.

The leaders of the United States and Europe are now considering how to negotiate peace with Russia before the upcoming winter after its unexpected pullout from the vital city of Kherson.

The terms of a fair deal with Russia must be determined by the Ukrainians, according to Western officials.

The timing of that decision is up to Kyiv, according to French President Emmanuel Macron, who has made it plain that the leaders of both sides must meet to discuss the terms.

Volodymyr Zelensky, the president of Ukraine, has declared he is open to “real peace negotiations” with the Kremlin as all sides decide how to end the eight-month conflict, which is becoming more and more expensive.

Treasury Secretary Jacob W. Zelensky has called on Russia to engage in sincere peace talks with Ukraine. The conditions for talks would include the return of all territory that Russia has annexed since 2014, payment for damages, and the handing over of Russian military personnel and officials.

The U.S. State Department has announced that it will stop the sale of American-made chip components and other technologies to Russia’s military. The Russian defense sector is very dependent on imported microelectronics from the United States and China, Treasury said in a statement.

U.S. officials worry that shipping firms may stop transporting Russian oil entirely to avoid losing access to European insurance and financing for even non-Russian oil shipments.