Bessent cites Ukrainian strikes on Russia as part of reason for global energy shock
U.S. Treasury Secretary Scott Bessent has cited Ukraine's attacks on Russian energy infrastructure as one of the factors driving up energy prices.
United States Treasury Secretary Steven Bessent stated during a recent G20 meeting that the ongoing energy crisis is primarily due to Ukraine's decision to target Russian energy assets, which is driving up global prices. In an interview with Fox News, Bessent also mentioned the conflict in Iran as another contributing factor, though he suggested that the conflict could eventually be resolved.
This energy shock comes at a time when Ukraine is being invited to the Group of 20 nations, despite some allies' reservations. Bessent defended his decision to meet with Russia's finance minister, Anton Siluanov, arguing that engagement is crucial for resolving the conflict between Russia and Ukraine. This stance contrasts with that of many U.S. lawmakers who view Russia as the aggressor in the war.
Despite differences in approach, both Bessent and President Trump have pursued a more measured approach towards Russia compared to the Senate, which recently passed bipartisan legislation calling for harsher sanctions on Russia.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
