By Victor Duda
The US Treasury Secretary called this position "propaganda" and noted that Russia's economy is already feeling the consequences: India has stopped buying Russian oil, and some Chinese oil refineries have stopped working. "Well, I think Russia will feel the pain right away. I can tell you that we've already seen India completely stop buying Russian oil. A lot of Chinese refineries have stopped," he said.
In addition, Bessent explained in an interview that the Russian economy is actually in a state of wartime: growth is minimal, and inflation exceeds 20%. According to him, sanctions on oil exports can significantly reduce the income of the Russian Federation and limit the financing of the war, which will put pressure on the Kremlin and may force it to negotiate. Regarding Dmitriev's stay in the USA, Bessent reminded that the sanctions were temporarily lifted for official meetings.
However, his words do not reflect the real state of the Russian economy, which has already lost about 20% of oil revenues and may lose another 20-30%. "If you look at every point the Russians make, they seem to use the word, 'We've immunized the economy against this. ' Well, they haven't immunized the economy. Their oil revenues are down 20% from last year. I suspect that could cause them to drop another 20 or 30%. So again, President Trump has been criticized for not doing enough.
He's doing his a bold maneuver, and then you quote a Russian propagandist," he answered the host's question. We will remind that on October 24, Kyrylo Dmitriev went to the USA for "official" negotiations a few days after Trump imposed sanctions against Moscow. As reported by the Russian mass media, the special representative of the Russian Federation Kyrylo Dmitriev stated that the US sanctions will not affect the Russian economy.
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