The United States is set to announce a new round of tough sanctions against Russia as the war in Ukraine intensifies. Treasury Secretary Scott Bessent revealed that the measures, described as “substantial,” will be unveiled either later today or early tomorrow.
The announcement comes ahead of a meeting between NATO Secretary-General Mark Rutte and President Donald Trump at the White House, where discussions are expected to focus on Trump’s proposed “vision of peace” for Ukraine. Rutte earlier expressed confidence that Trump is the one capable of resolving the ongoing crisis.
The escalation follows a deadly night in Ukraine, where at least seven people, including two children, were killed in Russian missile and drone attacks. The strikes occurred shortly after reports emerged that a planned meeting between Trump and Russian President Vladimir Putin in Budapest had been postponed.
Meanwhile, US lawmakers are awaiting approval to vote on a bill that would impose stricter sanctions on Russia and penalize countries that continue purchasing its oil.