Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Russia, Ukraine agree to sea, energy truce; Washington seeks easing of sanctions
    Headlines

    Russia, Ukraine Agree to Sea, Energy Truce; Washington Seeks Easing of Sanctions

    Published by Global Banking & Finance Review®

    Posted on March 25, 2025

    5 min read

    Last updated: January 24, 2026

    Add as preferred source on Google
    Russia, Ukraine agree to sea, energy truce; Washington seeks easing of sanctions - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Russia and Ukraine agreed to pause attacks on sea and energy targets, with the US pushing for sanctions relief. The truce marks a potential step towards a broader ceasefire.

    Russia, Ukraine Reach Truce on Sea and Energy Amid Sanctions Talks

    By Steve Holland and Anastasiia Malenko

    WASHINGTON/MOSCOW/KYIV (Reuters) -The United States reached separate deals on Tuesday with Ukraine and Russia to pause their attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow.

    While it was not clear when or how the Black Sea maritime security deals would start, the agreements are the first formal commitments by the two warring sides since the inauguration of President Donald Trump, who is pushing for an end to the war in Ukraine and a rapid rapprochement with Moscow that has alarmed Kyiv and European countries.

    The U.S. agreement with Russia goes further than the agreement with Ukraine, with Washington committing to help seek the lifting of international sanctions on Russian agriculture and fertiliser exports, long a Russian demand.

    Shortly after the U.S. announcements, the Kremlin said the Black Sea agreements would not come into effect unless links between some Russian banks and the international financial system were restored.

    Ukrainian President Volodymyr Zelenskiy said his understanding was that the truce agreements did not require sanctions relief to come into force and would take effect immediately, calling the Kremlin's statement an attempt to "manipulate" the deals.

    "They are already trying to distort agreements and, in fact, deceive both our intermediaries and the entire world," Zelenskiy said in his nightly video address.

    Kyiv and Moscow both said they would rely on Washington to enforce the deals, while expressing scepticism that the other side would abide by them.

    "We will need clear guarantees," said Russian Foreign Minister Sergei Lavrov. "And given the sad experience of agreements with just Kyiv, the guarantees can only be the result of an order from Washington to Zelenskiy and his team to do one thing and not the other."

    Zelenskiy said if Russia violated them he would ask Trump to impose additional sanctions on Moscow and provide more weapons for Ukraine.

    "We have no faith in the Russians, but we will be constructive," he said.

    In the hours following the announcements, both Russia and Ukraine accused each other of launching drone attacks, but there were no immediate reports of hits on Black Sea or energy targets.

    BROADER TRUCE PROSPECTS

    The deals were reached after parallel talks in Saudi Arabia that followed separate phone calls last week between Trump and the two presidents, Zelenskiy and Vladimir Putin.

    If implemented, the deals could be the first significant step toward Trump's goal to achieve a more encompassing ceasefire in the war in Ukraine that Russia started with its full-scale invasion three years ago.

    Putin rejected Trump's proposal for a full ceasefire lasting 30 days, which Ukraine had previously endorsed.

    "We are making a lot of progress," Trump told reporters on Tuesday, while adding there was "tremendous animosity" in the talks.

    "There's a lot of hatred, as you can probably tell, and it allows for people to get together, mediated, arbitrated, and see if we can get it stopped. And I think it will work."

    Washington has softened its rhetoric towards Russia in recent days, with Trump envoy Steve Witkoff saying he did not "regard Putin as a bad guy," alarming European officials who consider the Russian leader a dangerous enemy.

    Lavrov, a veteran Russian diplomat at the helm of the foreign ministry since 2004, said the optimism of Witkoff who said that truce could come soon does not take under consideration the European allies of Kyiv.

    "He (Witkoff) significantly overestimates the elites of European countries, who want to 'hang like a stone around the neck' of Zelenskiy, so as not to allow him to 'give in'," Lavrov said.

    Ukraine and its European allies fear Trump could strike a hasty deal with Putin that undermines their security and caves in to Russian demands, including for Kyiv to abandon its NATO ambitions and give up land claimed by Moscow.

    PAUSE ON ATTACKS ON ENERGY FACILITIES

    Russia has pounded Ukraine's power grid with missiles and drones and Kyiv has launched long-range strikes on Russian oil and gas targets in attacks that have become a major aspect of the war to undermine each other's war efforts.

    The Kremlin said the pause in attacks on energy would last for 30 days from March 18, when Putin first discussed it with Trump. Ukraine had said last week it would accept such a pause only after a formal agreement.

    The agreement on a truce at sea addresses an issue that was critical early in the war, when Russia imposed a de facto naval blockade on Ukraine, one of the world's biggest grain exporters, worsening a global food crisis.

    More recently, maritime battles have been a comparatively small part of the war since Russia withdrew its naval forces from the eastern Black Sea after a number of successful Ukrainian attacks.

    Kyiv has been able to reopen its ports and resume exports at around pre-war levels, despite the collapse of a previous U.N.-brokered Black Sea shipping agreement, but its ports have come under regular air attack. Zelenskiy said the agreement would bar such strikes.

    Ukrainian Defence Minister Rustem Umerov said Kyiv would regard any movement of Russian military vessels outside the eastern part of the Black Sea as a violation and a threat, in which case Ukraine would have full right to self-defence.

    Moscow said the agreement would require sanctions relief including restoring links between Russia's agricultural export bank and the SWIFT international payments system. That and other steps could require agreement from European countries.

    (Reporting by Katharine Jackson and Steve Holland in Washington, Anastasiia Malenko in Kyiv, Dmitry Antonov in Moscow and Lidia Kelly in MelbourneWriting by Mark Trevelyan, Peter Graff and Rod NickelEditing by Timothy Heritage, Philippa Fletcher, Nia Williams and Lincoln Feast.)

    Key Takeaways

    • •Russia and Ukraine agree to pause attacks on sea and energy targets.
    • •US to push for lifting some sanctions against Russia.
    • •Kremlin demands restoration of bank links for truce to take effect.
    • •Ukraine skeptical of Russia's commitment to the truce.
    • •Potential step towards broader ceasefire in Ukraine conflict.

    Frequently Asked Questions about Russia, Ukraine agree to sea, energy truce; Washington seeks easing of sanctions

    1What is the main topic?

    The article discusses a truce between Russia and Ukraine on sea and energy attacks, with the US involved in sanctions talks.

    2What are the implications of the truce?

    The truce could lead to a broader ceasefire and involves discussions on lifting sanctions against Russia.

    3How does the US play a role in the truce?

    The US brokered the truce and is pushing for the lifting of some sanctions against Russia.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Protesters march in London to oppose the rise of political right
    Protesters March in London to Oppose the Rise of Political Right
    Image for Israeli military kills three Palestinian men in Gaza, health officials say
    Israeli Military Kills Three Palestinian Men in Gaza, Health Officials Say
    Image for Russia declares emergency in Dagestan's capital as floods cut power to more than 327,000 people
    Russia Declares Emergency in Dagestan's Capital as Floods Cut Power to More Than 327,000 People
    Image for Poland extends checks on borders with Germany, Lithuania
    Poland Extends Checks on Borders With Germany, Lithuania
    Image for Twenty-two migrants die off Greek coast after six days at sea, AFP reports
    Twenty-Two Migrants Die Off Greek Coast After Six Days at Sea, Afp Reports
    Image for At CPAC, a generational divide over Republican support for Israel
    At Cpac, a Generational Divide Over Republican Support for Israel
    Image for Ukraine, UAE agree to cooperate on defence, Zelenskiy says
    Ukraine, UAE Agree to Cooperate on Defence, Zelenskiy Says
    Image for Pope Leo urges Monaco, tax haven of billionaires, to help needy
    Pope Leo Urges Monaco, Tax Haven of Billionaires, to Help Needy
    Image for Ukrainian drone attack on Russia's Yaroslavl region kills child, governor says
    Ukrainian Drone Attack on Russia's Yaroslavl Region Kills Child, Governor Says
    Image for Rubio sees US action in Iran completed in weeks as airstrikes rumble on
    Rubio Sees US Action in Iran Completed in Weeks as Airstrikes Rumble On
    Image for Israeli military says it identified a launch of a missile from Yemen
    Israeli Military Says It Identified a Launch of a Missile From Yemen
    Image for Nepal's ex-PM Oli held over deaths during Gen Z protests
    Nepal's ex-PM Oli Held Over Deaths During Gen Z Protests
    View All Headlines Posts
    Previous Headlines PostKremlin Accuses Kyiv of Deliberately Targeting Russian Reporters With Fatal Strike
    Next Headlines PostOscar-Winning Palestinian Director Injured in Attack by Israeli Settlers Released After Arrest