Talks in Riyadh between President Trump and President Putin on February 18 proposed an economic normalization that could lead to lifting U.S. sanctions on Russia. This reversal in U.S. policy follows the dissolution of Task Force KleptoCapture, initially aimed at Russian oligarchs amid the Ukraine crisis. The shift in focus raises concerns about the ramifications of unpunished war funders, while also suggesting a possible restructuring of the art market due to accessibility of previously forfeited assets.
The elimination of Task Force KleptoCapture and the disbandment of initiatives aimed at Russian oligarchs signal a troubling shift in U.S. policy towards Russia.
The potential lifting of U.S. sanctions on Russia might not only disturb international relations but also dramatically alter the dynamics of the art market.
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