Trump Unleashes Fury on Russia: “Second Phase” of Devastating Sanctions Imminent
- US President Donald Trump warns he’s ready to impose fresh sanctions on Russia, sparking fears of economic collapse
- Treasury Secretary Scott Bessent claims Russian economy will “collapse” if secondary sanctions are imposed on countries buying crude oil from Moscow
- India, the largest purchaser of Russian oil outside of China, has been slapped with a 50% tariff by the Trump administration, sparking tensions between the two nations
Donald Trump has sent a chilling message to Russia, warning that he’s ready to unleash the “second phase” of devastating sanctions on the nation. The US President made the ominous statement outside the White House on Sunday, leaving Moscow reeling.
The move comes after Treasury Secretary Scott Bessent issued a stark warning that the Russian economy would “collapse” if Washington and the European Union impose more secondary sanctions on countries that buy crude oil from Moscow. Bessent made the comments in an interview with NBC News, sending shockwaves through the global economy.
The Trump administration has already imposed an additional 25% tariff on India for its purchases of Russian oil, bringing the total duties imposed on New Delhi to 50%. The move has sparked tensions between the two nations, with India describing the tariffs as “unjustified and unreasonable”.
Defending its purchase of Russian crude oil, India has maintained that its energy procurement is driven by national interest and market dynamics. However, the Trump administration has been vocal in its criticism of India’s stance, with several officials claiming that the nation’s purchases of Russian oil are financing the Russian war effort in Ukraine.
In a dramatic escalation of the situation, Trump revealed last week that he had put secondary sanctions on India for its purchases of Russian oil, “the largest purchaser outside of China”, and indicated that he hasn’t done “phase two or phase three yet”. The comments have sparked fears of a prolonged and bitter trade war between the two nations.
About the implications of the sanctions, Bessent said that President Trump and Vice President J D Vance had a very productive call with President of the European Commission Ursula von der Leyen, who followed up with a call with him on Friday. The two parties discussed what the US and European Union (EU) could do to put more pressure on Russia.
As the situation continues to unfold, one thing is clear: the stakes have never been higher. With Trump’s “second phase” of sanctions looming, the world waits with bated breath to see the devastating impact it will have on the Russian economy.