Bessent Warns Europe It's ‘Put Up or Shut Up' Time on Russia
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Treasury Secretary Scott Bessent urged European nations to be prepared to get on board with higher tariffs on China and other nations that buy Russian energy, lamenting that he got a cool response when he floated the idea at a Group of Seven meeting earlier this year.
Bessent said sanctions on Russia 'can go up' or 'can be loosened' depending on the outcome of a meeting set for Friday between President Donald Trump and President Vladimir Putin. But the Europeans need to back the idea of harsher measures in any case.
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