Trump Treasury Pick Scott Bessent Calls for Strong RUSSIA SANCTIONS!

Scott Bessent, President-elect Trump's nominee for Treasury Secretary, faced a Senate confirmation hearing on January 16, 2025. He advocated for significantly stronger sanctions against Russia's oil sector, contrasting sharply with the Biden administration's approach. Bessent's stance, which he linked to ending the war in Ukraine, received some bipartisan support, notably from Senator Mark Warner. The anticipated increase in sanctions could severely impact countries like India and China, who rely heavily on Russian oil imports, and potentially hinder India's efforts to internationalize its currency.