Rubio says Trump to take up to 60 days to weigh Russia sanctions

Secretary of State Marco Rubio said President Donald Trump may take as long as 60 days to decide on new Russia sanctions, signaling that a policy decision on Moscow is not imminent. The transmission channel runs through geopolitical risk premia and energy supply expectations: a prolonged review window keeps the probability of sudden secondary sanctions on Russian oil and banking flows elevated but unresolved, which tends to support a modest risk premium in crude and European gas benchmarks. Russian sovereign debt, rouble-denominated assets, and energy majors with exposure to Russian crude flows are most sensitive to any shift in sanctions timing, while broader US equities and Treasuries are likely to see limited direct impact from a delay alone. Traders should watch weekly EIA crude inventory data and any official Treasury OFAC designations or guidance, since either would give the first concrete signal on whether the review produces enforcement action.

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