U.S. Treasury Secretary Scott Bessent announced plans to intensify sanctions on Russia and Iran, focusing on Russian energy to promote a cease-fire in Ukraine and aiming to cripple Iran’s oil sector through strict benchmarks.
United States Treasury Secretary Scott Bessent announced on Thursday that the U.S. intends to intensify sanctions on Russia and Iran. He emphasized a commitment to impose significant restrictions on Russian energy sectors, aimed at facilitating a cease-fire in the ongoing conflict in Ukraine. This strategy aligns with the guidance of President Donald Trump, with Bessent stating that sanctions will be implemented with maximum immediacy and impact.
In addition to focusing on Russia, Bessent revealed plans to escalate sanctions on Iran. He articulated a clear objective to effectively “shutdown” the Iranian oil sector, utilizing well-defined benchmarks and timelines. This approach aims to apply economic pressure on Iran, encapsulated in his statement that “Making Iran broke again will mark the beginning of our updated sanctions policy.”
In conclusion, Treasury Secretary Scott Bessent reaffirmed the U.S. government’s determination to implement aggressive sanctions against both Russia and Iran. The strategic focus on Russian energy sanctions seeks to contribute to peace efforts in Ukraine, while the planned measures against Iran aim to severely impact its economic viability. The administration’s sanctions policy underscores a strong approach towards international relations under President Trump’s guidance.
Original Source: www.business-standard.com
