The US government will impose a substantial pickup in sanctions against Russia as the fighting in Ukraine continues, according to US Treasury Secretary Scott Bessent.
Bessent's comments came just before NATO Secretary-General Mark Rutte was due at the White House, where discussions focused on delivering former President Trump's vision of peace for the conflict.
Earlier in the day, Rutte expressed his belief that Trump is the only one who can get this done.
Tragically, at least seven people were killed during intense Russian drone and missile strikes on Ukraine, including two children, just hours after Trump indicated that plans for a meeting with Russian President Vladimir Putin in Budapest had been shelved.
Bessent provided no further details on the incoming sanctions but stated they would be announced either after the close this afternoon or first thing tomorrow morning.
US lawmakers, including Republicans, have been angling for the White House's go-ahead to vote on a bill that would impose steep sanctions on Russia and target nations purchasing oil from the Kremlin.
During the White House meeting, Rutte was expected to discuss a 12-point plan formed by European NATO allies and Kyiv, which includes proposals to freeze current front lines, a return of deported children, and a prisoner exchange.
This plan also encompasses creating a recovery fund for Ukraine, enhancing military aid, and establishing clearer pathways for Ukraine to join the EU while increasing pressure on Moscow.
Earlier this week, Trump suggested he did not want a wasted meeting with Putin in Budapest, citing the ongoing fighting as a primary sticking point.
A preparatory meeting between US Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov was also planned, but it was later deemed unnecessary after a productive phone call.
Trump's comments reflect his previously stated desire for the fighting to cease, expressing that the current front line should be considered the end of conflict.
As rhetoric escalates, Ukrainian President Volodymyr Zelensky has signaled the importance of acquiring long-range US Tomahawk missiles to bolster Ukraine's defense efforts and drive negotiations with Russia.
