Treasury Secretary Scott Bessent on the U.S. and Ukraine nearing a deal for Ukrainian minerals, reciprocal tariffs to balance trade and the U.S. seeking a peace deal between Ukraine and Russia.

US Treasury Secretary Scott Bessent told Bloomberg Television on Thursday that Russia’s willingness to negotiate an end to the war in Ukraine could lead to Washington easing some sanctions. Bessent further stated that he would be urging China to rebalance its economy towards increased consumer spending in a meeting with his Chinese counterpart on

Ukraine is one of Europe’s largest supplier of rare-earth minerals, with rich deposits of metals including lithium, titanium, uranium and iron.

Russia could win some relief from U.S. sanctions based on its willingness to negotiate an end to its war in Ukraine, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Thursday.

Bessent also criticized Ukrainian President Volodymyr Zelenskyy’s recent comments that former U.S. President Donald Trump is misinformed about the war, calling them “inappropriate” and arguing they created “daylight” in U.