US will intensify sanctions on Russia, Iran: Treasury secy Scott Bessent

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US will intensify sanctions on Russia, Iran: Treasury secy Scott Bessent - Business Standard

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The US will not hesitate to go “all in” on sanctions on Russian energy if it helps lead to a cease-fire 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 on New York.