Russia doesn’t view sanctions relief as a critical factor in negotiations to end the war and isn’t expecting any significant easing of US penalties, according to a person close to the Kremlin.

Russia’s stock market climbed nearly 3% on Tuesday following overnight reports that the United States is drafting a sanctions relief plan. As of 2:30 p.m. Moscow time, the Moscow Exchange (MOEX) rose 2.

US officials are expected to discuss the proposals with Russian representatives in the coming days, according to Reuters.

The United States government is actively considering lifting some sanctions on Russia as part of a plan to improve relations between Washington and Moscow. President Donald Trump has directed officials from the State Department and the Treasury Department to draft a list of sanctions that could be eased.

The United States is preparing a proposal to potentially ease sanctions on Russia as President Donald Trump works to restore diplomatic ties and negotiate an end to the war in Ukraine, a U.S. official and another source familiar with the discussions told Reuters.

The US is drawing up a plan to potentially relieve sanctions on Russia according to reports from Reuters, with a view to stopping the war in Ukraine.