European Security — 2026-09-01
US Treasury Secretary Bessent Meets Russian Finance Minister Siluanov at G20 as Europe Objects
BLUFBessent's direct engagement with Siluanov opens a visible transatlantic split on Russia contacts, though European finance ministries will likely hold their sanctions posture through mid-October.
Treasury Secretary Scott Bessent met Russian Finance Minister Anton Siluanov on the sidelines of G20 finance talks in Asheville, North Carolina, on Monday, marking Siluanov's first in-person appearance at the forum since Russia's 2022 invasion of Ukraine 12. Bessent told Siluanov that "nothing is possible until the war is over" when the Russian minister raised other areas of mutual interest, according to Reuters 3, and a separate Reuters report said Bessent stated US sanctions would remain in place until the war ends. A Treasury spokesperson said the two discussed President Trump's Ukraine peace plan and economic growth, while Russia's Finance Ministry described the talks as covering bilateral financial issues and G20 engagement 1. German Finance Minister Lars Klingbeil said he told European counterparts he would not appear in a joint photo with the Russian delegation, and the traditional G20 family photo was taken without Siluanov present 12.
AnalysisBessent's engagement signals Washington's readiness to normalize direct financial contacts with Moscow ahead of any settlement, widening the visible gap with European capitals still treating Russia as a pariah at multilateral forums. The meeting may instead reflect routine G20 host-nation courtesy, with the sanctions remarks preempting criticism rather than signaling new engagement. Convergent reporting across US and European outlets beyond the single Reuters primary account indicates broad corroboration rather than wire repetition. European finance ministries will
likely hold their sanctions posture and decline comparable engagement through October 15, since Klingbeil's photo boycott reflects a bloc-wide position and bilateral objections have consistently stayed compartmentalized from multilateral sanctions coordination when the sanctions target and engagement partner are distinct. Moderate confidence, based on that convergent sourcing. There is no visibility into whether Treasury intends further bilateral contacts, a distinction European ministries need to gauge before deciding whether to expand sanctions.
5 sources
- Bessent met with Russian counterpart at G20 - Axios
- Russian finance minister makes unexpected appearance at G20 - France 24
- Bessent reportedly tells Russia no economic relief until Ukraine war ends as Europe snubs Moscow at G20 - CNBC
- Bessent Meets Russia's Siluanov at G20 in Rare US-Russia Finance Talks - Bloomberg
- Bessent tells Russian minister U.S. sanctions will remain until Ukraine war ends, source says - Reuters (via Globe and Mail)
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