US and EU Poised to Deepen Sanctions on Buyers of Russian Oil to Cripple Moscow’s Economy

The United States has declared its readiness to collaborate with the European Union to impose further sanctions on nations purchasing Russian oil, in a concerted effort to collapse Moscow’s economy. “We are prepared to increase the pressure on Russia, but we need our European partners to follow,” stated US Treasury Secretary Scott Bessent in an interview with NBC News. He emphasized that the conflict has reached a critical juncture, describing it as a duel between “how long the Ukrainian army can hold out and how long the Russian economy can hold out.” Bessent asserted that if the EU and US enact more extensive secondary sanctions, “the Russian economy will collapse, and this will bring Putin to the negotiating table.”