Allies coordinate economic measures to curb Moscow’s financial and energy capabilities
WASHINGTON, Sept 9 — In response to a sharp increase in Russian military strikes on Ukraine, officials from the United States and European Union met in Washington to plan an expanded sanctions campaign. The talks focused on aligning efforts to reduce Moscow’s revenue streams and constrain its ability to fund military operations.
The meeting, held at the U.S. Treasury Department, brought together Treasury Secretary Scott Bessent and EU Sanctions Envoy David O’Sullivan. Delegates discussed broadening restrictions on Russian oil exports and refining operations, critical sources of Kremlin income, while emphasizing the importance of a coordinated transatlantic approach to maximize impact.
Trump Signals “Second Phase” of Sanctions
President Donald Trump, joining remotely, indicated the U.S. may pursue a “second phase” of sanctions. This phase could target countries such as India and China that continue importing Russian oil, aiming to reduce indirect financial support for Moscow and limit revenue from energy sales.
EU Prepares 19th Sanctions Package
The European Union is preparing its 19th round of sanctions, which will focus on Russian banks and energy firms. The measures are intended to further isolate Russia from international financial networks and restrict its ability to export energy, complementing U.S. efforts.
Escalating Strikes Increase Pressure
The discussions followed Russia’s largest attack on Ukrainian infrastructure to date, involving more than 800 drones and 13 missiles across more than 30 locations. The assault caused significant damage and casualties, prompting Ukrainian President Volodymyr Zelenskyy to call for increased international sanctions and support.
Looking Ahead
The coordinated strategy between the U.S. and EU demonstrates a strong commitment to applying economic pressure in response to Russia’s intensifying aggression. While the effectiveness of these measures depends on enforcement and global cooperation, the talks signal a unified and assertive stance from Western powers amid the ongoing conflict.
