'When America is serious, Russia backs down'
Ukraine-Russia war latest: Russian strike on training camp kills three soldiers after Trump’s 10-day ultimatum to Putin
Putin’s aide insists US ‘cannot dictate when to get to peace table’Bessent warns China on Russian oil purchases that could bring 100 per cent tariffs
- US treasury secretary Scott Bessent warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress.
- Wrapping up two days of US-China trade talks in Stockholm, Mr Bessent said he also expressed US displeasure at China's continued purchases of sanctioned Iranian oil, and its sales of over $15bn worth of dual-use technology goods to Russia that have bolstered Moscow's war against Ukraine.
- Mr Bessent said legislation in the US Congress authorising Mr Trump to levy tariffs up to 500 per cent on countries that purchase sanctioned Russian oil would draw US allies into taking similar steps to cut off Russia's energy revenues.
Bessent warns China on Russian oil purchases that could bring 100 per cent tariffs
- US treasury secretary Scott Bessent warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress.
- Wrapping up two days of US-China trade talks in Stockholm, Mr Bessent said he also expressed US displeasure at China's continued purchases of sanctioned Iranian oil, and its sales of over $15bn worth of dual-use technology goods to Russia that have bolstered Moscow's war against Ukraine.
- Mr Bessent said legislation in the US Congress authorising Mr Trump to levy tariffs up to 500 per cent on countries that purchase sanctioned Russian oil would draw US allies into taking similar steps to cut off Russia's energy revenues.
Mr Trump, who first announced on Monday that he was shortening his initial 50-day deadline for action from Russia to “10 to 12” days, said he had not had a response from Mr Putin.
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