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US Won’t Hesitate on Russia and Iran Sanctions, Bessent Says
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March 6, 2025
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0:26Now PlayingThe US will not hesitate to go “all in” on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
Sanctions on Russia “will be used explicitly and aggressively for immediate maximum impact” at President Donald Trump’s guidance, Bessent told an audience at the Economic Club of New York.
The Trump administration is pressing Ukraine to come to the table for a ceasefire deal with Russia, and Bessent said additional sanctions on Russia could help give the US more leverage in the negotiations.
Trump is ready to finalize an agreement that would give the US rights to help develop some of Ukraine’s natural resources if Ukrainian President Volodymyr Zelenskiy agrees to a tangible path for a truce and talks with Moscow, according to people familiar with the matter.
Bessent criticized the Biden administration for not going harder on Russian energy sanctions for fear of driving up gas prices and asked what the point of “substantial US military and financial support over the past three years” was without matching sanctions.
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