Treasury Sec. Bessent: ‘We Are Going To Be Announcing a Substantial Increase in Russia Sanctions’

EXCERPT:

BESSENT: “Larry, as you know and the world can see, President Trump is the president of peace. He’s done peace deals, trade deals, tax deals. And part of the peace deal, the real remaining final conflict in the world, this would be the 9th one that he has found a solution to, would be between Russia and Ukraine. President Putin has not come to the table in an honest and forthright manner as we’d hoped. There were talks in Alaska. President Trump walked away when he realized that things were not moving forward. There had been behind-the-scenes talk, but I believe that the president is disappointed at the — where we are in these talks. So, either this evening or first thing tomorrow morning, we are going to be announcing a substantial increase in Russia sanctions. I’m not going to give you the exact sanctions, but I can tell you that this will be one of the largest sanctions that we have done against the Russian Federation.”