During his confirmation hearing, President-elect Donald Trump’s nominee for the Treasury Department expressed support for increasing sanctions against Russia to help resolve the conflict in Ukraine. Scott Bessent assured the Senate Finance Committee that he would fully support escalating sanctions if confirmed and if requested by President Trump as part of a strategy in the Ukraine war.
Senator Mark Warner of Virginia criticized the Biden administration for what he perceived as a delay in imposing additional sanctions on Russia. He expressed hope that Trump could intervene and impose stricter sanctions to address the situation.
