The US will announce a “substantial” new round of sanctions against Russia, Treasury Secretary Scott Bessent said, signaling President Donald Trump is preparing to ratchet up pressure on Moscow a day after backing off plans for a meeting with President Vladimir Putin in the near future.
“We are going to either announce, after the close this afternoon or first thing tomorrow morning, a substantial pickup in Russia sanctions,” Bessent told reporters at the White House on Wednesday. He didn’t specify what the new measures would entail.
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