Treasury Secretary Scott Bessent declared the U.S. will intensify sanctions on Russia and Iran. The focus will be on Russian energy to drive a cease-fire in Ukraine, and the shutdown of Iran’s oil sector will be prioritized through set benchmarks. Bessent emphasized the aggressive nature of these sanctions as per President Trump’s direction.
On Thursday, Treasury Secretary Scott Bessent announced that the United States is prepared to intensify sanctions against both Russia and Iran. He stated that the U.S. would not hesitate to implement comprehensive sanctions on Russian energy to promote a cease-fire in the ongoing Ukraine war, emphasizing that these sanctions would be utilized with immediate and maximum effectiveness, guided by President Trump.
Moreover, Secretary Bessent indicated that sanctions against Iran would be escalated as well, with a particular focus on the complete shutdown of its oil sector. He further elaborated that this initiative would be executed through specific benchmarks and timelines. Bessent remarked that restoring financial pressure on Iran is a key component of the revised sanctions strategy.
In conclusion, Treasury Secretary Scott Bessent underscored the United States’ commitment to strengthen sanctions against Russia and Iran. This strategy aims to achieve a cease-fire in Ukraine and cripple Iran’s oil industry, marking a significant shift in the sanctions policy. The call for aggressive and impactful measures reflects the U.S. government’s determination to exert pressure on adversarial nations.
Original Source: www.business-standard.com
