US Treasury Secretary Scott Bessent seeks more sanctions on oil buyers to force Russia for Ukraine peace talks
Speaking on the growing financial measures, Bessent emphasized that reducing Russia’s oil revenues is vital to limiting its war funding. He argued that broader international cooperation is necessary to ensure sanctions remain effective, especially as some buyers continue to bypass restrictions. The proposed steps reflect Washington’s strategy of using economic pressure, rather than military escalation, to compel Russia to engage in dialogue. Bessent also highlighted the importance of aligning G7 and European Union partners in enforcing these sanctions. By targeting Russia’s most significant source of income, the US hopes to weaken its economic resilience and increase incentives for peace talks. The push indicates a renewed effort to resolve the conflict by leveraging financial tools and restricting Moscow’s access to global oil markets.
The Key points
- US Treasury Secretary Scott Bessent calls for tougher oil sanctions.
- Goal is to pressure Russia into Ukraine peace negotiations.
- Sanctions target countries and firms buying Russian crude.
- Some buyers continue bypassing restrictions, reducing effectiveness.
- Washington seeks stronger global cooperation on enforcement.
- G7 and EU partners urged to align on policy.
- Economic tools prioritized over military escalation.
- Sanctions seen as leverage to bring Moscow to talks.
- Focus remains on reducing Russia’s access to global markets.
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