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Reading: US to announce new sanctions on Russia inside 24 hours, says Treasury Secretary Scott Bessent
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StockWaves > Business > US to announce new sanctions on Russia inside 24 hours, says Treasury Secretary Scott Bessent
Business

US to announce new sanctions on Russia inside 24 hours, says Treasury Secretary Scott Bessent

StockWaves By StockWaves Last updated: October 23, 2025 7 Min Read
US to announce new sanctions on Russia inside 24 hours, says Treasury Secretary Scott Bessent
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Contents
Lethal Russian assaults in UkrainePeace efforts stall amid frustrationUkraine strikes key Russian infrastructureSweden to discover fighter jet saleEU approves nineteenth sanctions package deal on RussiaSlovakia lifts holdout after securing assurancesLNG import ban to roll out in two phasesFurther measures on diplomats and shadow fleetKey Takeaways

The Trump administration is making ready to announce a brand new wave of sanctions concentrating on Russia inside the subsequent 24 hours, as Russian missile and drone assaults continued to inflict casualties throughout Ukraine.

Treasury Secretary Scott Bessent advised reporters on Wednesday (October 22) that the sanctions could possibly be unveiled “after the shut this afternoon or very first thing tomorrow morning,” signaling a “substantial pickup” in US measures in opposition to Moscow.

Talking on the White Home, Bessent didn’t present specifics on the targets or scope of the upcoming sanctions however emphasised that they’re a part of the continuing effort to strain Russia economically.

“We’re going to both announce after the shut this afternoon or very first thing tomorrow morning a considerable pickup in Russia sanctions,” he stated.

The announcement comes as NATO Secretary Common Mark Rutte visited Washington for talks and was making ready to fulfill President Donald Trump on the White Home.

Lethal Russian assaults in Ukraine

The sanctions replace follows a collection of devastating Russian strikes throughout Ukraine. Russian drones and missiles focused at the very least eight cities and a village close to Kyiv, killing six individuals, together with a mom and her two younger daughters, and injuring 29 others, together with 5 kids, in keeping with Mykola Kalashnyk, a regional head close to the capital.

In Kharkiv, a kindergarten was hit whereas kids had been inside, leaving one particular person useless and 6 injured, though no kids had been harmed. Mayor Ihor Terekhov stated most of the kids had been in shock.

The Ukrainian president Volodymyr Zelenskyy confirmed that the assaults focused 10 areas, together with Kyiv, Odesa, Chernihiv, Dnipropetrovsk, and Zaporizhzhia. Ukraine’s air power reported that Russia launched 405 strike and decoy drones together with 28 missiles, primarily concentrating on Kyiv.

Peace efforts stall amid frustration

Efforts to dealer peace stay stalled. Trump postponed a deliberate assembly with Russian President Vladimir Putin in Budapest, saying he didn’t need a “wasted” encounter. European leaders have accused Putin of stalling negotiations.

Zelensky commented on Trump’s peace proposal to freeze the battle alongside present entrance strains:

“Trump proposed ‘Keep the place we keep and start dialog. I believe that was a great compromise, however I’m unsure that Putin will assist it, and I stated it to the president.”

The Kremlin cautioned that preparations for any summit with Trump would take time. Spokesman Dmitry Peskov stated,

“Nobody needs to waste time: neither President Trump nor President Putin.”

Ukraine strikes key Russian infrastructure

Ukraine’s navy reported in a single day assaults on strategic Russian websites, together with a chemical plant in Bryansk producing ammunition and missile gas, and mechanical and oil services in Mordovia and Dagestan. Russian defenses claimed to have downed 33 Ukrainian drones, disrupting air visitors close to St. Petersburg.

Sweden to discover fighter jet sale

Zelensky visited Oslo and Stockholm, the place he signed an settlement with Swedish Prime Minister Ulf Kristersson to discover the acquisition of as much as 150 Gripen fighter jets for Ukraine over the following decade. Ukraine has already obtained F-16s from the US and Mirages from France.

EU approves nineteenth sanctions package deal on Russia

European Union member states have authorized a nineteenth package deal of sanctions in opposition to Russia over its conflict in Ukraine, together with a phased ban on imports of Russian liquefied pure fuel (LNG), the Danish rotating presidency of the EU introduced on Wednesday (October 22).

“We’re very happy to announce that we’ve got simply been notified by the remaining member state that it’s now capable of raise its reservation on the nineteenth sanctions package deal,” the Danish presidency stated in a press release.

Slovakia lifts holdout after securing assurances

Slovakia was the ultimate holdout after EU international locations agreed on the ultimate textual content final week. Prime Minister Robert Fico had sought assurances from the European Fee concerning excessive vitality costs and suppleness in aligning the EU’s local weather targets with the wants of carmakers and heavy trade.

Following Slovakia’s approval, the presidency confirmed that “a written process for Council approval has been launched. If no objections are obtained, the package deal will probably be adopted tomorrow by 8 a.m.”

LNG import ban to roll out in two phases

The sanctions package deal introduces a ban on Russian LNG imports in two phases. Quick-term contracts will finish inside six months, whereas long-term contracts will probably be terminated beginning January 1, 2027. The timeline accelerates the European Fee’s roadmap by a yr, transferring the EU nearer to ending its dependence on Russian fossil fuels.

Additionally Learn | MAGA Rage Over Diwali: Hindu Competition Branded ‘Un-American,’ ‘Demonic’

Further measures on diplomats and shadow fleet

The brand new package deal additionally contains journey restrictions on Russian diplomats and expands the blacklist of Moscow’s so-called shadow fleet — tankers used to evade oil sanctions. A further 117 vessels have been added, bringing the entire to 558.

The most recent measures spotlight the EU’s ongoing efforts to tighten financial strain on Moscow because the conflict in Ukraine enters its third yr.

Key Takeaways

-Trump administration to announce “substantial pickup” in Russia sanctions inside 24 hours.

-Russian drone and missile strikes killed at the very least six civilians, together with kids, throughout a number of areas.

-Trump postponed deliberate summit with Putin; peace talks stay stalled.

-Ukraine struck strategic Russian infrastructure in retaliation.

-Sweden could provide Ukraine with Gripen fighter jets to bolster air defenses.

-EU approves nineteenth sanctions package deal in opposition to Russia.

-Consists of phased ban on Russian LNG imports — full ban efficient January 2027.

-Slovakia lifts its objections after vitality and trade assurances.

-Provides 117 vessels to Russia’s shadow fleet listing and new journey curbs on diplomats.

Additionally Learn | NATO chief Rutte praises Trump’s effort to ship peace in Ukraine

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