Russia agrees with the 30-day suspension of energy infrastructure attacks

Russian President Vladimir Putin agreed to impose a 30-day suspension of attacks on the Ukrainian energy infrastructure in exchange for an identical attack on the Russian infrastructure from the Ukrainian side.

The commitment was made for two and a half hours of telephone call with President Trump during Putin, in which the two discussed the next steps in the Ukraine decline. A full 30-day ceasefire, which was originally proposed by the US side, was rejected by Russia what it considered a means to give the Ukrainian army a break in the resumption. One of Russia's conditions for a peace agreement is the suspension of all US military aid to the government of Kyiv.

After the lengthy call, the White House said that the two sides will continue their negotiations with a ceasefire in the Black Sea and pass a permanent peace agreement, Reuters reported.

Trump's special representative in Ukraine, Steven Witkoff, told Fox News that the next US Russian talks on Sunday, March 23, will personally take place in Saudi Arabia, where the parties would discuss the details of the ceasefire and the future peace agreement.

“Until recently, we really had no consensus about these two aspects – the weapons of the energy and infrastructure and the black -sea moratorium at shooting – and today we came to this place, and I think it is a relatively short route to a full ceasefire from there,” Witkoff told Fox News.

The crude oil prices are committed in the news of the partial ceasefire, as they do on positive news about progress in the direction of peace in Ukraine, since peace would probably mean the cancellation of US sanctions in Russian energy, which makes it easier to access Russian oil.

“The agreement is a positive step in the direction of a possible solution, whereby the attacks on the Ukrainian energy devices reduce the risks of further oil supply disorders and keep oil prices under pressure,” IG -Analyst Yeap Jun Rong told Reuters.

By Irina Slav for Oilprice.com

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