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    Home > Headlines > Economic pressure could bring Russia to negotiating table, Bessent says
    Headlines

    Economic pressure could bring Russia to negotiating table, Bessent says

    Published by Global Banking & Finance Review®

    Posted on September 7, 2025

    2 min read

    Last updated: January 22, 2026

    Economic pressure could bring Russia to negotiating table, Bessent says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:financial crisis

    Quick Summary

    US and EU economic pressure might push Russia to peace talks with Ukraine, according to Treasury Secretary Bessent.

    Table of Contents

    • Potential Impact of Economic Sanctions on Russia
    • Role of U.S. and EU in Sanctions
    • Challenges in Implementing Sanctions
    • Trump's Approach to Russia and China

    Increased Economic Pressure May Push Russia Toward Peace Talks

    Potential Impact of Economic Sanctions on Russia

    By John Kruzel

    Role of U.S. and EU in Sanctions

    WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Sunday that additional economic pressure by the United States and Europe could prompt Russian President Vladimir Putin to enter peace talks with Ukraine.

    Challenges in Implementing Sanctions

    "If the U.S. and the (European Union) can come in, do more sanctions, secondary tariffs on the countries that buy Russian oil, the Russian economy will be in full collapse, and that will bring President Putin to the table," Bessent said on NBC's Meet the Press.

    Trump's Approach to Russia and China

    Bessent said President Donald Trump's administration is "prepared to increase pressure on Russia."

    But, he added, "we need our European partners to follow us, because if the U.S. and the EU do this together, we are in a race now between how long can the Ukrainian military hold up versus how long can the Russian economy hold up?"

    Trump has been frustrated at his inability to bring a halt to the fighting in Ukraine after he initially predicted he would be able to end the war swiftly when he took office in January.

    He has withheld new sanctions on Russia and China, a top Russian oil buyer. But he has ramped up tariffs on U.S. imports from India, another top Russian energy consumer.

    (Reporting by John Kruzel; Editing by Ross Colvin and Andrea Ricci)

    Key Takeaways

    • •US and EU may increase economic sanctions on Russia.
    • •Sanctions could force Russia to negotiate peace with Ukraine.
    • •US Treasury Secretary Bessent emphasizes joint action with EU.
    • •Trump administration's stance on Russia and China.
    • •Potential collapse of Russian economy due to sanctions.

    Frequently Asked Questions about Economic pressure could bring Russia to negotiating table, Bessent says

    1What is a financial crisis?

    A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence in the economy, often resulting in bank failures and economic recession.

    2What is the role of the U.S. Treasury?

    The U.S. Treasury is responsible for managing federal finances, including issuing currency, collecting taxes, and implementing economic policy, including sanctions and financial regulations.

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