Russia and the United States discuss lifting sanctions! Return it to the SWIFT settlement system

2025.03.11
According to TASS, Alexander Shokhin, the head of the Russian Federation of Industrialists and Entrepreneurs (RSPP), stated that RSPP held a meeting with representatives from the American Chamber of Commerce.
The Russian side proposes that the American Chamber of Commerce should advise the US authorities to return Russian banks to the SWIFT interbank communication system and normalize settlements.
RSPP hopes that the American Chamber of Commerce can submit its proposal to lift sanctions on Russian companies before the meeting between Russian President Putin and US President Trump.
RSPP also proposed to exclude environmental projects, including offshore energy equipment, from the scope of sanctions.
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Alexander Shokhin, Chairman of the Federation of Russian Industrialists and Entrepreneurs, stated that civil aviation spare parts, components, and maintenance of civil ships may be priority items for removal from the list.
Of particular note, this proposal will focus on promoting the return of Russian banks to the SWIFT settlement system, resolving bank transfer issues, and achieving the normalization of payment and settlement relationships.
Alexander Shokhin, the president of the Russian labor union, stated that Robert Agee, the head of the American Chamber of Commerce, announced his intention to prepare a "white paper". This white paper mentions some priority issues for lifting sanctions, such as spare parts and components for civil aviation, and maintenance of civil aircraft. These lists are matters related to citizen safety, and such issues may be prioritized on the list.
Alexander Shokhin, the chairman of the Russian trade union, believes that environmental projects should also be excluded from sanctions. For example, clean equipment used for energy, offshore platform work, Arctic work, and other operations. He also drew attention to the restrictions in the pharmaceutical industry. These restrictions hinder investment in the development of companies operating in Russia.
US President Trump has stated that he will meet with Russian President Putin within a month and a half.
Russian union president Alexander Shokhin emphasized that the proposal to lift restrictions will be submitted to the US government for approval before the expected meeting between the two leaders.
Trump has previously stated that he does not rule out the possibility of lifting a series of sanctions against Russia as part of a possible peace agreement in Ukraine.
Previously, media reports indicated that the White House instructed the State Department and Treasury Department to prepare a sanctions list as part of the negotiation process with Moscow. If the negotiations yield results, these sanctions lists will be relaxed.
This includes the US Treasury Department developing a list of about 20 Russian banks to be removed from the SDN sanctions list and pushing for Russian banks to reconnect with the SWIFT settlement system.
In addition, last month, Anatoly Aksakov, Chairman of the Russian Financial Market Commission, stated that Visa and Mastercard payment systems will soon return to the Russian market and provide services.
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