On September 7, 2025, U.S. Treasury Secretary Scott Bessent appeared on NBC’s Meet the Press and warned that intensified economic measures—including more sanctions and imposing secondary tariffs on nations still importing Russian oil—if executed in coordination between the U.S. and the European Union, could cause the Russian economy to implode and force President Vladimir Putin to enter peace talks with Ukraine. Bessent underscored that the Trump administration is ready to escalate pressure, but emphasized that success hinges on unified transatlantic cooperation, pointing out that they are now in a critical race between “how long the Ukrainian military can hold up versus how long the Russian economy can hold up.” He also noted that while new sanctions on Russia and China have been withheld, tariffs on exports from India—another major Russian oil buyer—have been increased.
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