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Russia has ‘productive meeting’ with US negotiators

Xenia. W by Xenia. W
12 March 2026
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Russian President Vladimir Putin’s envoy on Wednesday said he had joined a “productive meeting” with US negotiators, the first talks between Moscow and Washington since the start of the Iran war.

The discussions in Florida come after the United States lifted some sanctions on Russian oil earlier this week – imposed because of Moscow’s 2022 Ukraine military operation – to ease prices as war engulfed the Middle East.

“Thank you, Steve, Jared, and Josh, for a productive meeting,” Russian negotiator Kirill Dmitriev posted on X, referring to US President Donald Trump’s roving global envoy Steve Witkoff, Trump’s son-in-law Jared Kushner, and White House Senior Advisor Josh Gruenbaum.

“The teams discussed a variety of topics and agreed to stay in touch,” Witkoff posted earlier.

Trump said this week that Putin, to whom he spoke to on Monday, wanted to be “helpful” in relation to the Middle East war.

Dmitriev said after the Florida meeting that Washington was “beginning to better understand” the importance of Russian oil.

“We discussed promising projects that could contribute to the restoration of Russian-American relations and the current crisis on global energy markets,” he wrote in a Telegram post.

“Today, many countries, primarily the United States, are beginning to better understand the key, systemic role of Russian oil and gas in ensuring the stability of the global economy, as well as the ineffectiveness and destructive nature of sanctions against Russia.”

Oil prices soared on Thursday, briefly trading above US$100.

The price of Brent North Sea crude, the international benchmark, peaked at US$101.59 per barrel on Thursday.

It later pared gains to trade at US$97, still a sizeable jump compared with before the start of the conflict 13 days ago. (AFP)

Edited by Tony Sabine

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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