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.

Treasury Secretary Scott Bessent spoke with FOX Business about an economic deal tied to rare earth materials that the U.S. offered Ukraine on Wednesday.

The US signaled that sanctions relief for Russia could be on the table in talks over the war in Ukraine as President Donald Trump rushes toward a deal to end the three-year conflict.

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.