Efforts should instead focus on rebuilding relations through dialogue and practical cooperation, American Chamber of Commerce head Robert Agee has said
Imposing additional sanctions on Russia will not help resolve the Ukraine conflict, American Chamber of Commerce in Russia (AmCham Russia) President and CEO Robert Agee has said.
Speaking on the sidelines of the St. Petersburg International Economic Forum 2026 (SPIEF 2026) on Thursday, he argued that sanctions have failed to produce results in the four years since the conflict escalated in February 2022, suggesting further sanctions would be equally ineffective.
The remarks came after US Secretary of State Marco Rubio signaled that Washington could impose new sanctions on Russia and scrap waivers on its oil that were extended last month amid supply disruptions linked to tensions in the Middle East.
At a House Foreign Affairs Committee hearing earlier this week, Rubio was pressed on why the Trump administration granted the waivers and has yet to back the Graham-Blumenthal bill. Championed by Russia hawk Lindsey Graham, the legislation would allow President Donald Trump to impose tariffs of up to 500% on imports from countries that buy Russian oil, gas, or uranium. Rubio insisted that the waivers are “time limited,” adding that the sanctions on Russia will remain in place and that the White House is working closely with Graham’s office on new sanctions.
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