Report: Bessent Told Russian Minister No Economic Relief Until Ukraine War Ends

Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)
Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)
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Report: Bessent Told Russian Minister No Economic Relief Until Ukraine War Ends

Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)
Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)

US Treasury Secretary Scott Bessent made clear to Russian Finance Minister Anton Siluanov on Monday that no economic relief for Russia or agreements on other issues were possible until its war in Ukraine ends, a source familiar ‌with the ‌ministers' bilateral meeting said.

Bessent met ‌bilaterally ⁠with Siluanov on ⁠the sidelines of a G20 finance leaders meeting in Asheville, North Carolina.

The Russian finance minister's first in-person G20 appearance since Russia invaded Ukraine has irritated European officials who are working ⁠on more sanctions against ‌Russia.

Earlier, a US ‌official told Reuters the focus of ‌the Bessent-Siluanov meeting was President Donald Trump's ‌peace plan for Ukraine. Russia's finance ministry said the two officials discussed financial cooperation within the G20 framework.

When Siluanov tried ‌to discuss areas of mutual interest, the source said Bessent interrupted ⁠him ⁠and said "nothing is possible until the war is over."

The US imposed sanctions on Russia's oil majors in October 2025, but after the US-Israeli war against Iran cut off energy supplies through the strait of Hormuz, Bessent issued licenses allowing the sale of seaborne Russian oil stored in tankers to ease supplies, sending some funds to Moscow.



‘Massive’ Russian Missile, Drone Attack on Kyiv Kills 8

People walk on a field as smoke rises at the site of a Russian strike near Kyiv, Ukraine, 31 August 2026, amid the Russian invasion. (EPA)
People walk on a field as smoke rises at the site of a Russian strike near Kyiv, Ukraine, 31 August 2026, amid the Russian invasion. (EPA)
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‘Massive’ Russian Missile, Drone Attack on Kyiv Kills 8

People walk on a field as smoke rises at the site of a Russian strike near Kyiv, Ukraine, 31 August 2026, amid the Russian invasion. (EPA)
People walk on a field as smoke rises at the site of a Russian strike near Kyiv, Ukraine, 31 August 2026, amid the Russian invasion. (EPA)

A "massive" Russian attack killed at least eight people in Kyiv overnight, including seven at a railways depot, officials said Tuesday, as Moscow pressed its air campaign on the Ukrainian capital and surrounding areas.

The strikes came as children were set to return to school after summer holidays and as authorities tightened security measures following weeks of intensified Russian attacks on the capital.

Kyiv Mayor Vitali Klitschko said eight people were killed and five wounded, including two children, in the overnight bombardment, which included ballistic missiles and drones.

Oleksandr Pertsovskyi, chief executive of Ukrainian Railways, said a missile hit a railway depot and other railway facilities in Kyiv.

"The ballistic strike took the lives of 7 people, 6 of whom were our employees," he said, adding that another railway worker had been hospitalized.

Pertsovskyi said the attack caused "extensive destruction", including the complete destruction of a workshop, while fires continued to burn at some sites.

One person was killed in strikes in Boryspil, east of Kyiv, regional officials said.

Russia's defense ministry said its forces had carried out a "massive strike" using long-range weapons and attack drones.

It said the attack targeted military-industrial and fuel and energy facilities in Kyiv and the surrounding region.

The ministry also said it had struck infrastructure in the southern Odesa region and the ports of Odesa and Chornomorsk.

"Kyiv region came under a massive attack by Russian missiles and strike drones tonight," Kyiv regional military administration chief Tymur Tkachenko said on Telegram.

AFP journalists in the capital heard around a dozen loud explosions and saw flashes in sky early Tuesday moments after the air force warned of incoming ballistic missiles.

The Ukrainian air force had warned that the threat of "ballistic weapons and other means of attack against Kyiv and the region remains in effect", and urged residents to remain in shelters.

Ukrainian children return to school on Tuesday, and the Kyiv regional military administration has warned there must be no large events in areas with a high level of risk.

Kyiv and its surrounding areas have come under sustained pressure from Russian drone attacks in recent weeks, with jet-powered drones adding to the threat and triggering as many as a dozen air-raid alerts a day.

One weekend attack on an ammunition depot killed 38 people in the capital's suburbs.

Both sides have escalated long-range strikes in recent months, targeting infrastructure such as warehouses, businesses, and oil and port facilities, as well as ships, increasing civilian casualties.

Ukraine faces a shortage of interceptor missiles, particularly US-made Patriot systems used against ballistic threats.


Iran President Says Tehran Would ‘Immediately’ Reciprocate if US Returns to June Deal

Pedestrians walk past a wall mural along a street in downtown of Tehran on August 31, 2026. (AFP)
Pedestrians walk past a wall mural along a street in downtown of Tehran on August 31, 2026. (AFP)
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Iran President Says Tehran Would ‘Immediately’ Reciprocate if US Returns to June Deal

Pedestrians walk past a wall mural along a street in downtown of Tehran on August 31, 2026. (AFP)
Pedestrians walk past a wall mural along a street in downtown of Tehran on August 31, 2026. (AFP)

Iran's President Masoud Pezeshkian said Tuesday that Tehran would "immediately" reciprocate if the United States returned to a June deal aimed at ending their war.

"I state explicitly that if the United States returns to its commitments under the aforementioned memorandum of understanding, Iran will immediately take reciprocal action," Pezeshkian said at a Shanghai Cooperation Organization summit in Kyrgyzstan, according to the website of the Iranian presidency.


Report: Trump Considering Limited Strikes Against Iran in the Strait of Hormuz

US President Donald Trump, with Secretary of Defense Pete Hegseth at his side, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, US, March 7, 2026. (Reuters)
US President Donald Trump, with Secretary of Defense Pete Hegseth at his side, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, US, March 7, 2026. (Reuters)
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Report: Trump Considering Limited Strikes Against Iran in the Strait of Hormuz

US President Donald Trump, with Secretary of Defense Pete Hegseth at his side, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, US, March 7, 2026. (Reuters)
US President Donald Trump, with Secretary of Defense Pete Hegseth at his side, speaks to reporters aboard Air Force One on a flight from Dover, Delaware, to Miami, Florida, US, March 7, 2026. (Reuters)

US President Donald Trump and his senior aides have been considering launching limited strikes in the Strait of Hormuz to prevent Iran from reconstituting its radar and missile capabilities to attack ships, three US officials told Axios.

One official said the idea behind the plan is to reduce the risk of Iranian attacks on oil tankers, US Navy ships and Air Force aircraft — to “mow the lawn,” as this person put it.

The plan was developed over the past week by the US Central Command (CENTCOM) and supported by Secretary of Defense Pete Hegseth, who sent it to the White House several days ago, US officials said.

The officials said that last week the White House was leaning against approving the strikes to avoid escalating with Iran.

But Iran's ballistic missile attacks on US bases in Jordan on Sunday could change Trump's mind.

A US official told Axios that in recent days Iran launched an anti-aircraft missile toward a US F-35 fighter jet that was providing cover to ships in the strait.

While the missile didn't come close enough to be a threat, it was a signal that Iran is trying to reconstitute its military capacity, according to the US official.

CENTCOM told Hegseth, Chairman of the Joint Chiefs of Staff General Dan Caine and the White House in recent days that the military might need to strike Iran periodically in order to keep moving dozens of oil tankers out of the Gulf relatively safely every day.

The Axios report came after the US and Iran exchanged attacks in the first flare-up in violence since late July.

US forces struck two Iranian launchers on Iran's Larak Island on Sunday, a US official said, after “Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into the Strait of Hormuz.”

Three people were killed in the attack, Iran's Tasnim news agency reported. The state-affiliated Nournews said two of them had been identified as members of the Revolutionary Guards Navy.

Larak is a small island in the strait near the strategic Iranian port of Bandar Abbas. The Strait of Hormuz, which normally handles a fifth of global crude oil and gas shipments, has been effectively blocked since the start of the war.

In a statement, the US Central Command said ⁠it had taken “limited, precise” action against minelaying forces of Iran's Revolutionary Guards that posed an “imminent threat” in the strait. It gave no details.

On Monday, Trump told Fox News that the US would hit Iran hard in retaliation for Tehran targeting US forces in Jordan.

“We're going to hit them hard,” Trump said. “There will be a response.”

A senior Iranian source to Reuters, “For every US attack on Iran, Tehran will respond dozens of times more forcefully, and no target in the region is beyond our reach.”