Treasury Secretary weighs joint US–EU action on Russian oil buyers ...Iraq

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Treasury Secretary weighs joint US–EU action on Russian oil buyers

Shafaq News – Washington

On Sunday, US Treasury Secretary Scott Bessent signaled readinessto partner with European allies to impose additional sanctions on countriespurchasing Russian oil.

    Bessent stated in an interview with NBC News thatcoordinated action could accelerate the collapse of Russia’s economy and forcePresident Vladimir Putin into negotiations. He framed the situation as a racebetween Ukraine’s military resilience and Russia’s economic endurance.

    His remarks came just hours after Russia launched an airassault on Kyiv, killing at least four people and setting fire to a governmentbuilding.

    After imposing 50% tariffs on Indian imports — one of thehighest rates Washington has applied to any nation — over New Delhi’s continuedpurchases of Russian oil, US President Donald Trump also urged European leadersto halt their own imports, warning that such revenues undermine pledges ofsupport for Ukraine.

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