The U.S. will escalate sanctions on Russia and Iran under Treasury Secretary Scott Bessent’s guidance, aiming for swift impacts on energy sectors. These measures will push for a cease-fire in Ukraine and significantly impair Iran’s oil industry, marking a new phase in U.S. sanctions policy.
U.S. Treasury Secretary Scott Bessent announced that the United States will intensify sanctions against Russia and Iran. He emphasized that the U.S. will fully commit to sanctions on Russian energy to facilitate a cease-fire in the Ukraine conflict, stating that these sanctions will be utilized aggressively for immediate effects, following President Trump’s direction.
Bessent also indicated that sanctions targeting Iran will increase significantly. He mentioned that the plan is to effectively “shutdown” Iran’s oil sector through established benchmarks and timelines. This approach marks a renewed focus on sanctions policy aimed at crippling Iran’s economic capabilities.
The overarching strategy behind these measures centers on exerting maximum pressure to bring about diplomatic resolutions in both nations. Bessent’s comments reflect a robust stance taken by the U.S. in addressing geopolitical tensions through economic means.
In summary, the U.S. plans to enhance its sanctions on both Russia and Iran, aiming for immediate results in its foreign policy initiatives. With a specific focus on disrupting Russia’s energy sector and crippling Iran’s oil industry, these strategies indicate a reinforcement of the U.S. stance on international relations amidst conflict in Ukraine and ongoing tensions with Iran.
Original Source: www.business-standard.com
