"Bessent said the conflict has become a race now between how long can the Ukrainian military hold up, versus how long can the Russian economy hold up. list of 3 itemsend of list According to Bessent, additional sanctions and secondary tariffs on nations importing Russian crude would push the Russian economy into total collapse and bring President Vladimir Putin to the table. We are prepared to increase pressure on Russia, but we need our European partners to follow us, said Bessent."
"The warning comes a month after the administration of US President Donald Trump slapped 50 percent tariffs on India over its continued purchases of Russian oil, among the steepest levies Washington has imposed on any country. Hours before Bessent's remarks, Russia carried out what Ukrainian officials described as its largest air assault since the invasion began in 2022. The overnight strikes killed at least four people and ignited a government building in Kyiv."
Scott Bessent urges imposing secondary tariffs on nations importing Russian crude to collapse the Russian economy and force President Vladimir Putin to the negotiating table. Bessent frames the conflict as a race between Ukrainian military endurance and Russian economic resilience. The United States signals readiness to tighten sanctions but seeks European partners to adopt similar measures. The warning follows US imposition of 50 percent tariffs on India over Russian oil purchases. Russian overnight strikes killed at least four people and ignited a government building in Kyiv, prompting condemnation and warnings that the attack does not indicate a diplomatic end to the war. President Trump hinted at escalating sanctions.
Read at www.aljazeera.com
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