US Treasury Secretary accuses Europe of financing the war by buying Russian oil
European countries continue to buy Russian oil even through Four years after the start of Russia's full-scale invasion of Ukraine, In fact, they are financing the war against Ukraine and themselves. This was stated by the US Treasury Secretary Scott Bessent.
According to him, such a policy undermines Western efforts to contain Russia and allows the Kremlin to retain financial resources to continue its aggression.
The threat of tough trade measures
Scott Bessent stressed that the US President Donald Trump has sufficient powers to take radical economic steps against countries that continue to trade with Russia in the energy sector.
«Trump doesn't need Senate authority to impose 500% duties for countries that buy Russian oil,» the US Treasury Secretary said.
Context.
After the outbreak of a full-scale war against Ukraine, the US and EU imposed large-scale sanctions on the Russian energy sector. At the same time, some European countries continue to import Russian oil and oil products using exemptions, intermediaries or «shadow» supply schemes.
In Washington, there are increasing calls for strengthening of secondary sanctions against states and companies that the US believes are helping Russia circumvent restrictions.
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