Published Date Mar 10, 2025

Speaking at the Economic Club of New York on Thursday, Treasury Secretary Scott Bessent criticized the Biden administration’s approach, arguing that it had applied “lackadaisical” restrictions that left room for circumvention. He particularly condemned Biden’s reluctance to impose tougher energy sanctions, saying concerns over rising gas prices had taken priority over cutting off Moscow’s financial resources.


READ MORE: US Treasury describes Biden’s Russia sanctions as ‘egregiously weak’

By Caroline Gaudette

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