US to announce 'substantial' Russia sanctions
Summary
The United States will soon announce increased sanctions against Russia due to ongoing conflict in Ukraine. The announcement was made by U.S. Treasury Secretary Scott Bessent. Plans for a meeting between President Trump and Russian President Vladimir Putin were canceled as the conflict continues.Key Facts
- The U.S. will increase sanctions on Russia over the Ukraine conflict.
- U.S. Treasury Secretary Scott Bessent announced the forthcoming sanctions.
- The announcement coincides with the visit of NATO Secretary-General Mark Rutte to the White House.
- Rutte hopes to discuss implementing President Trump's plans for peace in Ukraine.
- Recent attacks in Ukraine resulted in the deaths of at least seven people, including children.
- Plans for a meeting between President Trump and Russian President Putin in Budapest have been canceled.
- U.S. lawmakers are awaiting White House approval to vote on tougher sanctions against Russia.
- New sanctions might also affect countries buying oil from Russia.
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