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U.S. Treasury Chief Presses Kyiv on Reforms, Cites Sanctions on Rosneft and Lukoil

Washington ties reconstruction support to strict governance standards.

Overview

  • Scott Bessent said he spoke by phone with Prime Minister Yuliia Sviridenko on December 9 and discussed U.S. measures targeting Lukoil and Rosneft.
  • He told Kyiv the United States expects progress on reforms and a strengthened anti-corruption agenda.
  • Bessent outlined a joint U.S.–Ukraine reconstruction fund that would apply American expertise and governance standards to block profiteering by those who supported the conflict.
  • The October 22 Treasury package added Rosneft, Lukoil and 34 subsidiaries to sanctions, while Russian officials have predicted little impact on their economy.
  • The call came as Ukraine manages fallout from the ‘Midas’ anti-corruption operation, including searches of Andriy Yermak and his resignation.