Secondary Tariffs On Russian Oil Buyers Will Collapse Moscow’s Economy, Bring Putin To Negotiating Table Over Ukraine: US Treasury Secy | World News
US Treasury Secretary Scott Bessent, Washington and the European Union’s coordinated action against Russian -purchasing countries can collapse the Russian economy and may force President Vladimir Putin to the negotiating table.
“If the US and the European Union can increase sanctions and apply secondary tariffs to Russian -buying countries, the Russian economy will completely collapse. This will be enough to bring President Putin to the negotiation table,” he said.
Bessent added that the US is ready to increase the pressure on Russia, but that European partners needed to follow the case.
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“We are ready to increase the pressure on Russia, but we need our European partners to follow us,” he added.
Trump is the second stage of sanctions against Moscow ‘
Bessent’s words explained that US President Donald Trump was ready to move to what he defined as the “second stage of sanctions against Russia on Sunday, and that Moscow was prepared for a new wave of economic restriction to put pressure on Ukraine to end the conflict.
Bessent’s comments follow the last call by calling Trump to stop importing European countries to import Russian oil, saying that revenues finance Moscow’s war in Ukraine. Trump has applied for appeal during a call with leaders of the ‘willing coalition’ led by French President Emmanuel Macron, who was reported to have discussed to offer Ukrainian security guarantees in case of a peace agreement with Russia.
Trump’s 50% tariff in India
The United States imposed significant penalties in India, including a 50 percent tariff, which entered into force on 27 August. Trump initially received a 25 percent tariff, referred to unfair trade practices and later added 25 percent to the new Delhi’s purchase of Russian oil.
India criticized the US decision to bring a 50% tariff and said that many European countries were unjustly chosen while continuing large -scale imports of Russian oil and gas. New Delhi said that Europe served 17.2 billion euros in 2023 despite the trade of goods and war with Russia in 2024 and 67.5 billion euros. Indian officials argue that this shows double standards, as Europe does not face similar restrictions despite the ongoing jobs with Moscow.
Read: Trump, who accepts failure to end the Ukrainian War, is preparing a penalty for Putin: US President points to new sanctions in Russia
