U.S. will significantly expand sanctions against Russia - the head of the Ministry of Finance Bessent

The U.S. will announce a new round of sanctions against Russia, Treasury Secretary Scott Bessent warned, signaling that President Donald Trump is preparing to increase pressure on Ma, Bloomberg reports . "We're going to announce - either after the markets close today or tomorrow morning - a significant expansion of sanctions against Ma," Bessent told reporters at the White House on Wednesday, October 22. He did not specify which measures he was referring to.

The statement came a day after the White House ruled out that the previously announced meeting between the US and Russian presidents would take place in the near future. Trump himself said that he did not want to hold the summit "for nothing".

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