US Treasury Secretary Janet Yellen said that some sanctions against Russia may remain in place even after any peace agreement with Ukraine, the Wall Street Journal reported on Sunday, Reuters reports.

Janet YellenPhoto: JUSTIN TALLIS/AFP/Profimedia

Yellen said any possible peace deal would involve revising the sanctions the United States and its allies have imposed on Russia’s economy, the WSJ reported.

“I would suggest that in the context of a peace agreement, an adjustment of sanctions is possible and may be appropriate,” Yellen said in an interview in Indonesia, where she is attending the G20 summit.

As we reported yesterday, Russian oligarchs and executives of several internationally sanctioned companies are trying to hijack business and promote unsanctioned industries such as fertilizer production at COP27.