U.S. Intensifies Economic Sanctions Against Russia and Iran
U.S. Treasury Secretary Scott Bessent announced increased sanctions on Russia and Iran, emphasizing aggressive measures for immediate impact. He mentioned a commitment to crippling Iran’s oil sector with specific benchmarks and timelines as part of a revised sanctions strategy.
On Thursday, U.S. Treasury Secretary Scott Bessent announced a significant intensification of economic sanctions against Russia and Iran. He stated the U.S. would fully commit to imposing sanctions on the Russian energy sector if it contributes to achieving a cease-fire in the ongoing conflict in Ukraine. Under the guidance of President Donald Trump, these sanctions will be executed with the intention of achieving immediate and maximum impact.
In addition to addressing Russia, Secretary Bessent emphasized that the U.S. plans to enhance sanctions on Iran as well. He expressed a strong determination to effectively “shutdown” Iran’s oil sector through specific, predetermined benchmarks and timelines. Bessent concluded that a strategy focused on making Iran financially incapacitated would represent the foundation of the updated sanctions policy.
In summary, the U.S. Treasury Secretary Scott Bessent has articulated a robust stance on enhancing sanctions against both Russia and Iran. The United States aims to use sanctions aggressively to possibly facilitate a cease-fire in Ukraine and to decisively undermine Iran’s oil sector. This approach reflects a broader strategy to leverage economic pressure to achieve geopolitical objectives.
Original Source: www.business-standard.com
