Treasury Secretary Scott Bessent announced that the US will intensify sanctions on Russia and Iran. The focus will be on Russia’s energy sector to aid in a cease-fire in Ukraine, and Iran’s oil sector will face heightened sanctions to deplete its financial resources. These actions align with President Trump’s guidance.
On Thursday, Treasury Secretary Scott Bessent announced that the United States will significantly intensify sanctions against Russia, particularly in the energy sector. This decision aligns with President Donald Trump’s directive, aiming for maximum immediate impact to potentially facilitate a cease-fire in the ongoing conflict in Ukraine.
Bessent emphasized that sanctions will be applied “explicitly and aggressively” against Russia. In addition to targeting Russia, he highlighted the intention to further impose sanctions on Iran, specifically targeting the oil sector with established benchmarks and timelines.
The Secretary stated, “Making Iran broke again will mark the beginning of our updated sanctions policy.” This approach reflects a broader strategy to exert financial pressure on both nations as part of the United States’ foreign policy objectives.
In conclusion, the United States is poised to implement more stringent sanctions on both Russia and Iran, with an emphasis on immediate impact in response to geopolitical challenges. Treasury Secretary Scott Bessent outlined the government’s commitment to using these sanctions aggressively, prioritizing the cessation of hostilities in Ukraine and financially crippling Iran’s oil sector to achieve strategic objectives.
Original Source: www.business-standard.com
