US grants Sanctions Relief on Peace; Putin declines.

The Offer: US Treasury Secretary Scot Bessent today (Feb 12, 2026), said that the US is prepared to lift the oil sanctions on Rosneft and Lukoil, but not until a complete settlement of the Ukraine war.

Putin Rejection: The deal despite the trilateral negotiations in Abu Dhabi last week The Kremlin has been reported to reject the deal, demanding maximalist terms in terms of territory, and international acknowledgment of annexed territory.

Energy Bargaining: According to Bessent, termination of war and stabilization of Iran and Venezuela would saturate the market with approved crude and would reduce the global price of energy significantly.

Sanctions Pressure: The noose is being tightened by the US, Russian oil revenues were reported to drop by 50% every year in January 2026 because the sanctions on the so-called shadow fleet became more rigorous.

The "Stall" Strategy: Stratfor analysts believe that Putin is playing for time as he attempts to deal with the pressure of sanctions, and prepare a large-scale assault in the spring-summer.

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(NFA)(DYOR)