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US signals no further easing of Russian oil sanctions, EU trade chief warns on fallout
International
Published on 25 April 2026
Relief may last only briefly before sanctions bite again
European Trade Commissioner Maros Sefcovic says he understands U.S. relief on Russian oil sanctions is temporary, after talks with Treasury Secretary Scott Bessent. The discussion also turned to knock-on shocks from closures near the Strait of Hormuz, and fertilizer supply chain disruptions hitting Europe and Africa. Bessent urged G20 countries to improve fertilizer access.
- US sanctions relief on Russian oil is likely temporary, EU says
- Officials linked the decision to shipping disruptions near Hormuz
- Fertilizer supply chains are strained across Europe and Africa
- Bessent calls on G20 nations to boost fertilizer access
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times