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US Treasury Secretary Scott Bessent on Wednesday announced that the White House will be announcing “a substantial pickup in Russia sanctions".

“We are going to either announce after the close this afternoon— or first thing tomorrow morning, a substantial pickup in Russia sanctions," Bessent told reporters at the White House Wednesday afternoon.

“You’ll have to wait and see what it is," he added.

CNN quoted a White House official as saying that the President is expected to announce a significant uptick in new sanctions related to Russia. The sanctions are not expected to be about China.

Barely a week ago, US President Donald Trump announced that he and Russian President Vladimir Putin would meet in Budapest “within two weeks or so."

However, by Tuesday, the Whi

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