Kremlin Endorses Energy Truce Idea but Demands Sanctions Relief

The Kremlin has responded favorably to a U.S. proposal for a moratorium on attacking energy infrastructure in the war with Ukraine, but stipulated that any such agreement must be accompanied by the removal of sanctions on Russian energy and guarantees for safe commercial shipping.

Kremlin spokesman Dmitry Peskov told reporters on Tuesday that the suggestion from U.S. President Donald Trump was a "very good idea," but he argued it would not be sufficient on its own to lower global fuel prices, according to a Reuters report.

Russia's Conditions

Peskov outlined two key conditions for a potential deal to be effective. He called for the lifting of what he described as "unlawful restrictions" and sanctions on Russian energy supplies. Additionally, he stated it was necessary to "ensure safe commercial shipping and navigation," particularly for oil tankers in the region.

According to Peskov, only after these conditions are met will world markets be adequately supplied with petroleum products, leading to stabilization and lower prices. He added that Russia would remain in contact with the U.S. regarding the proposal.

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Market Context and Ongoing Attacks

The discussion of a truce comes as strikes on energy facilities by both sides have roiled global commodity markets. Ukrainian attacks on Russian refineries have caused fuel shortages within Russia, leading Moscow to restrict exports. This has tightened global supplies of gasoline, diesel, and jet fuel, contributing to upward price pressure and inflation.

Despite the diplomatic overtures, the viability of a ceasefire remains uncertain. President Trump said Monday that an agreement had been reached, though neither Russia nor Ukraine has confirmed this. Attacks reportedly continued Tuesday, with Russia striking petrol stations in Kyiv and Ukraine targeting a Russian oil refinery. Ukrainian President Volodymyr Zelenskiy has stated that Kyiv would only support an energy ceasefire if Washington could ensure Moscow was genuinely prepared to end the war.