US Treasury Secretary: will announce "substantially up the ante" sanctions against Russia within a day
2025-10-22 19:44:43
The US plans to announce a "significant" increase in sanctions against Russia in the coming day, Treasury secretary David Bescent announced. Oil and gold prices rallied after the news was announced. "We will announce a significant increase in sanctions against Russia after the market closes today or early tomorrow morning," Mr. Bescent told reporters at the White House on Wednesday. Mr. Bescent did not specify the content of the new measures. The news comes as the White House has just abandoned plans to arrange a meeting between Mr. Trump and Mr. Putin in the near future.
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