U.S. President Donald Trump may offer a major economic deal to Moscow in an attempt to break through the economic barrier the European Union has built against Russia over the Ukraine conflict.

Axar.az reports, citing Politico, that Trump’s initiative has caused alarm among European diplomats.

“They fear that, in exchange for ending military operations, the U.S. could propose massive economic deals and significant concessions to ease sanctions pressure on Moscow. Officials from the U.S. oil and gas industry have warned that such moves could seriously harm the country's energy sector, particularly the growth of LNG exports.”