Trump seeks fresh wave of penalties against Russia
In a recent statement on NBC, US Treasury Secretary Scott Bessent has called for cooperation from the European Union (EU) and European partners to support additional economic sanctions against Russia. The aim is to target countries that continue to buy Russian oil, in an effort to increase pressure on Russia and force President Putin into negotiations.
The strategy is not new, as the US has already shown its willingness to use economic measures to influence Russia's actions. This was demonstrated by the imposition of 50 percent tariffs on India in August, a retaliatory move for purchasing Russian oil. The US is ready to apply similar measures to other countries as well.
Bessent stated that the situation is a race between what the Ukrainian Army can withstand and what the Russian economy can withstand. He reiterated that the goal is to "collapse" the Russian economy, a move he believes would bring President Putin to the negotiating table.
The success of this strategy, however, depends on international cooperation. Washington and the EU need to work together to apply these new sanctions, making collaboration essential for the implementation of these new measures.
Bessent's comments come after Trump expressed a willingness to push for new economic sanctions against Russia. The Treasury Secretary also confirmed the US is open to applying new sanctions, particularly those targeting countries purchasing Russian oil.
If implemented, these sanctions would aim to cause the Russian economy to completely collapse, according to Bessent. This strategy is designed to pressure Russia and potentially bring Putin to negotiations, marking a significant shift in the ongoing geopolitical landscape.
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