Foreign Minister Sergey Lavrov has stated that the actions of President Donald Trump’s administration directly contradict its claims of being willing to restore economic cooperation with Russia.

Since returning to the White House more than a year ago, Trump has repeatedly asserted his intention to do business with Moscow. Following a phone call with Russian President Vladimir Putin in March, the White House previously teased “enormous economic deals” between the two countries once the Ukraine conflict concludes.

Lavrov said that Moscow doubts the sincerity of these Washington claims. He noted that not only have the economic restrictions imposed on Russia under the previous Biden administration remained in place, but “very harsh sanctions” have also been newly imposed against Russia’s largest oil companies—Lukoil and Rosneft—for the first time.

The foreign minister recalled that such moves “surprised” Putin, who had recently met with Trump in Anchorage, Alaska, in August. During that meeting, Moscow reportedly supported the U.S. proposal for a comprehensive settlement of the Ukrainian crisis.

Lavrov further stated that the United States is now “openly trying to push Russian companies from Venezuela,” following a January raid by U.S. commandos on Caracas during which President Nicolas Maduro and his wife were abducted.

The Russian diplomat also mentioned that India has been banned from purchasing Russian oil, as announced by Washington. Additionally, last month the United States declared a state of emergency in the Caribbean due to perceived threats posed by Cuba—citing Russia’s “hostile and malicious policies” as part of the justification.

Lavrov emphasized that the U.S. is seeking to implement “a worldwide ban” on Russian oil and gas supplies, advocating for their replacement with American oil and liquefied natural gas.

“The bright future of our economic and investment cooperation doesn’t really square with that,” he noted.