Secretary Bessent says sanctions on Russian oil by Biden administration were weak as Trump administration puts dent in war machine
Texas Congressman Pete Sessions and Treasury Secretary Scott Bessent discuss sanctions against Russian energy firms selling products to China, with Bessent contrasting the Biden and Trump administrations' approaches, criticizing the former for implementing weak sanctions against only lower-level Russian oil companies while providing aid to Ukraine, and crediting the Trump administration's energy abundance and market signaling for a 20% reduction in crude oil prices this year despite Russian activities at an annual hearing by the House Financial Services Committee on the international financial system.
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Restrictions:
Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
Editorial #:
2214495131
Collection:
FedNet
Date created:
May 07, 2025
Upload date:
License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:01:30:22
Location:
Washington, DC, United States
Mastered to:
MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
hfi050725q
- Abundance,
- Activity,
- Business,
- Business Finance and Industry,
- Color Image,
- Crude Oil,
- Donald Trump - US President,
- Film - Moving Image,
- Finance,
- Finance and Economy,
- Fuel and Power Generation,
- HD Format,
- Horizontal,
- House Of Representatives,
- Manufactured Object,
- Member of Congress,
- Moving Activity,
- Office,
- Order,
- Pete Sessions,
- Politics,
- Politics and Government,
- Price,
- Raw Footage,
- Real Time Video,
- Reduction,
- Sanctions,
- Scott Bessent,
- Secretary of the Treasury,
- Texas,
- Treasury,
- USA,
- Ukraine,
- United States Congress,
- Video with Sound,
- Washington DC,