The US government will impose a 'substantial pickup' in sanctions against Russia as the fighting in Ukraine continues, according to US Treasury Secretary Scott Bessent.
Bessent's comments came just before NATO Secretary-General Mark Rutte was due at the White House, where he hoped to discuss 'how to deliver' Trump's 'vision of peace' in the conflict.
Earlier, Rutte stated he believes Trump is 'the only one who can get this done'. Sadly, just hours after Trump announced that plans for a meeting with Vladimir Putin in Budapest had been shelved, at least seven people—including two children—were killed in intense Russian drone and missile strikes on Ukraine.
Bessent provided no further details on the forthcoming sanctions but stated they would be announced 'either after the close this afternoon or first thing tomorrow morning.'
US lawmakers, including Republicans, are waiting for the White House's go-ahead to vote on a bill enforcing steep sanctions against Russia and targeting countries purchasing oil from the Kremlin.
At the White House, Rutte was expected to discuss a 12-point plan developed by European NATO allies and Kyiv that would see current front lines frozen, return deported children, and facilitate a prisoner exchange between both warring nations.
This plan also includes provisions for a war recovery fund for Ukraine, security pathways, and a systematic approach for Ukraine to join the EU, alongside increased military aid and economic pressure on Moscow.
Earlier this week, Trump expressed disinterest in a 'wasted meeting' with Putin, highlighting that the main sticking point is Moscow's refusal to cease fighting along the established front lines.
A preparatory meeting between US Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov, initially planned for this week, was deemed unnecessary following a 'productive' call between the two.
Trump has consistently endorsed proposals to freeze the fighting along current frontlines, advocating for a halt in hostilities while emphasizing the need for a resolution without further casualties.
Russia has countered these claims, stating that its position remains unchanged, particularly regarding the withdrawal of Ukrainian troops from eastern regions.
As discussions evolve, Ukrainian President Volodymyr Zelensky has indicated the desire for long-range US Tomahawk missiles to deter Russian aggression, potentially pressuring Russia to negotiate a resolution.
