He said Trump has instructed him to rethink the regime of economic restrictions. For a long time, the U.S. had “lazy sanctions” that threatened the dollar's status as a reserve currency, Bessent told Fox News.
The secretary emphasized that the current restrictions forced people to abandon the dollar. Washington intends to move to maximize the impact of the imposed sanctions. Under the new sanctions regime, Washington comes in and hits hard, hitting “fast and hard.”
As Bessent added, this is how America acts in relation to Iran, it is a “maximum pressure operation”.
Recall that Putin revealed the total number of anti-Russian sanctions. The US has quietly tightened sanctions against Russia without introducing new ones.