Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil
President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the ...
Trump's Treasury pick Bessent says heavier Russia sanctions coming, no reason for digital currency
President-elect Donald Trump’s pick for Treasury secretary testified Thursday before the Senate Banking Committee.
AOL8d
Russia is on pace to run out of financial reserves by this fall, which would cripple war efforts, economist says
Russia could run out of liquid reserves as soon as this fall, one European economist has said. The nation's liquid reserves have dwindled to $31 billion, down from $117 billion in 2021. Limited ...
Yahoo9d
Russia's federal budget won't fund anti-drone systems at civilian airports, media reports
Russia will not allocate federal funds to equip civilian airports with anti-drone systems as initially expected, pro-Kremlin publication Vedomosti reported on Jan. 12, citing two undisclosed ...
ThePrint8d
Oil prices slip as Russia sanctions stay in focus
Oil prices fell on Tuesday a day after hitting four-month highs as the market focused on the impact of new U.S. sanctions on ...
Trump Treasury pick Bessent backs US Fed independence, dollar, sanctions on Russian oil
Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.
Factbox-Five Key Challenges for the Russian Economy in 2025
Below are the five key challenges for the Russian economy in 2025: Russian annual inflation reached 9.5% in 2024, driven by ...