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Senate Finance Democrat Pressures Treasury on Russian Sanctions

Senator Ron Wyden pressed U.S. Treasury Secretary Scott Bessent to enforce Ukraine-related sanctions against Russia and sought clarification on comments about Russia rejoining the SWIFT banking network. Wyden urged commitment to sanctions and queried the support of U.S.-Ukraine agreements for improving post-war security.

Senate Finance Democrat Pressures Treasury on Russian Sanctions

Wyden Demands Tougher Russian Sanctions Enforcement

Oregon Senator Ron Wyden, a prominent Democrat on the Senate Finance Committee, has issued a sharp rebuke to U.S. Treasury Secretary Scott Bessent, demanding unwavering enforcement of sanctions against Russia related to the ongoing conflict in Ukraine.

Senator Wyden's letter directly challenges Secretary Bessent's recent remarks suggesting a potential pathway for Russia's reinstatement into the SWIFT international banking system – a move that would drastically undermine the existing sanctions regime. Russia was expelled from SWIFT in 2022 following its invasion of Ukraine.

The Senator, a known critic of many aspects of the Trump administration's economic policies, seeks clarification on several key issues:

  • Sanctions Compliance: Wyden is demanding assurance that the Treasury Department is aggressively pursuing and punishing violations of existing sanctions against Russia and its allies.
  • Ukraine Security Assistance: The letter presses for details on how U.S. aid to Ukraine can be effectively deployed to bolster its defenses without inadvertently supporting countries that actively aid Russia's war effort.
  • SWIFT Re-entry Concerns: Senator Wyden explicitly expresses his deep concern about any consideration of allowing Russia back into the SWIFT system, emphasizing the severe implications for global stability and the ongoing conflict.

This forceful intervention underscores the ongoing debate within the U.S. government concerning the most effective strategy to counter Russian aggression and support Ukraine.