Are severe sanctions coming for Russia?
Bessent's comments today:
"Bessent gleefully tore into the Biden
government numerous times in his remarks, especially on the subject of Russia, Iran, and Ukraine.
“A
major factor that has enabled the Russian war machine’s continued financing was the Biden Administration’s egregiously weak
sanctions on Russian energy, stemming from worries about upward pressure on US energy prices. In a craven political move, National Security Advisor Jake Sullivan raised the Russian sanctions on the way out the door in January. What was the point of substantial US military and financial support over the past three years without commensurate and fulsome sanctions support?”"