United States Will Soon Announce ‘Substantial Pickup In Russia Sanctions’: Treasury Secretary

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United States Treasury Secretary Scott Bessent revealed a considerable pickup in Russia sanctions as United States– Russia relations stay tense over Ukraine

United States Treasury Secretary Scott Bessent.( Photo: AFP file)

United States Treasury Secretary Scott Bessent on Wednesday revealed that the White House will be revealing “a significant pickup in Russia sanctions”.

“We are going to either announce after the close this afternoon— or first thing tomorrow morning, a substantial pickup in Russia sanctions,” Bessent informed press reporters at the White House Wednesday afternoon.

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    “You’ll need to wait and see what it is,” he added.

    CNN quoted a White House official as saying that the President is expected to announce a significant uptick in new sanctions related to Russia. The sanctions are not expected to be about China.

    Barely a week ago, US President Donald Trump announced that he and Russian President Vladimir Putin would meet in Budapest “within two weeks or so.”

    By Tuesday, the White House verified that the conference would no longer take location. Prepare for a preparatory in-person discussion in between United States Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov were likewise ditched. “I do not wish to have actually a squandered conference,” Trump told reporters at the White House. “I don’t want to have a waste of time, so I’ll see what happens.”

    A White House authorities, talking to Politico, discussed that “Secretary Rubio and Foreign Minister Lavrov had an efficient call. An extra in-person conference in between the Secretary and Foreign Minister is not needed, and there are no strategies for President Trump to fulfill with President Putin in the instant future.”

    Kremlin representative Dmitry Peskov minimized the cancellation, informing press reporters, “You can not delay what has actually not been arranged.”

    The abrupt U-turn has actually exposed a diplomatic freeze that continues to specify United States– Russia interactions over Ukraine. It likewise highlights the consistent space in between Trump’s prominent peace efforts and the solidified positions on both sides of the dispute.

    Russia continues to decline ceasefire propositions based upon existing fight lines. Ukraine stays reluctant to quit area. And Trump, while promoting himself as a peacemaker, has actually not had the ability to move either side’s core needs.

    Area:

    Washington D.C., United States of America (USA)

    Released:

    October 23, 2025, 02:09 IST

    News world United States Will Soon Announce ‘Substantial Pickup In Russia Sanctions’: Treasury Secretary

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