US to Announce Major New Sanctions on Russia Amid Ukraine Conflict

TL;DR Summary
Treasury Secretary Scott Bessent announced that the US will soon implement a significant increase in sanctions against Russia, citing disappointment with Russian President Vladimir Putin and stalled talks to end the Ukraine conflict, with allies urged to join the measures.
- Bessent says US will soon announce ‘substantial pickup in Russia sanctions’ CNN
- US Sanctions Russia’s Rosneft, Lukoil Amid Ukraine Peace Push Bloomberg.com
- Oil gains 4% after settlement on possible new sanctions on Russia Reuters
- U.S. prepares new sanctions as Russian drones and missiles kill 6 in Ukraine AP News
- Bessent Says U.S. Plans ‘Substantial’ New Sanctions on Russia The Wall Street Journal
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