Latest / The Ben Ferguson Podcast / Sanctions Strike as Trump Targets Putin’s War Chest

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Sanctions Strike as Trump Targets Putin’s War Chest · The Ben Ferguson Podcast

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  Speaker 1: It's about three hundred million dollars. It's set to do
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  Speaker 1: to it. The government's pangs absolutely not.
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  Speaker 2: You're listening to the forty seven Morning Update with Ben Ferguson.
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  Speaker 3: Good Thursday morning. It's signs to have you with us
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  Speaker 3: on the forty seven Morning Update. Ben Ferguson with you,
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  Speaker 3: and I can tell you there is one major story.
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  Speaker 3: Democrats lie to you yet again, claiming Donald Trump would
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  Speaker 3: never stand up to Vladimir Putin after their meeting in Alaska.
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  Speaker 3: We now know that there are major Russian sanctions and
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  Speaker 3: the President is returning peace through strength, showing Russia that
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  Speaker 3: it's time to get a deal now or you're going
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  Speaker 3: to be hurt economically. But first, I want to tell
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  Speaker 3: forty seven Morning Update and it starts right now.
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  Speaker 2: Story number one.
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  Speaker 3: It is very clear that President Donald Trump is a
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  Speaker 3: man who is on a mission to have peace through
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  Speaker 3: strength wherever he canon stop senseless wars. We've seen the
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  Speaker 3: deal that he's done in the Middle East, and we
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  Speaker 3: now know that he's turned towards what's happening in Russia
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  Speaker 3: and Ukraine. Well, there has been some late developments and
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  Speaker 3: the US has announced new sanctions the target Russia's two
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  Speaker 3: largest oil companies, Rosneff and Luke Oil, including many of
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  Speaker 3: their subsidiaries. These sanctions marked the first time in Trump's
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  Speaker 3: second term that his administration has placed new sanctions on
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  Speaker 3: Russia over the Ukraine War. So much for Russian collusion,
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  Speaker 3: as the media lied to you about for years. The
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  Speaker 3: US Treasury, through the Office of the Foreign Assets Control,
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  Speaker 3: explicitly said the move is meant to degrade Russia's ability
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  Speaker 3: to fund its war machine and hurt its economy, because
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  Speaker 3: if you know what's going on in Russia, you know
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  Speaker 3: they're barely staying alive economically because of the oil that
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  Speaker 3: they're selling.
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  Speaker 1: Now.
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  Speaker 3: The announcement came shortly after a plan meeting between Donald
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  Speaker 3: Trump and Russian President Vladimir Putin was canceled, signaling escalating
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  Speaker 3: frustration by the White House and Donald Trump. He meant
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  Speaker 3: it when he said it was time for peace. Now
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  Speaker 3: Here are the implications and the likely effects of what
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  Speaker 3: the President has just done. The economic pressure on Russia
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  Speaker 3: is real because Russia's war is costing them a lot
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  Speaker 3: of money, and by targeting Russia's biggest oil companies, the
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  Speaker 3: US is going after one of the major revenue resources
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  Speaker 3: that supports Russia's military and also is propping up its economy,
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  Speaker 3: which is teetering. This could force Russia to either lower
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  Speaker 3: the price of its oil, thus reducing revenue, or reduce
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  Speaker 3: production and exports. Both of those options hurt its financial
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  Speaker 3: stability and their ability to sustain large scale war for
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  Speaker 3: a extended period of time. Now there's also pressure for
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  Speaker 3: diplomacy and a ceasefire. The Treasury Secretary's Scott Descent said
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  Speaker 3: the sanctions are meant to support peace efforts, saying quote,
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  Speaker 3: now is the time to stop the killing and for
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  Speaker 3: an immediate ceasefire. So the sanctions are being framed partly
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  Speaker 3: as a lever for diplomacy, not just punishment. Russia has
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  Speaker 3: deep trade and energy links with major buyers. This includes
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  Speaker 3: India and China, who is taking a significant amount of
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  Speaker 3: their oil that might not be fully impacted by the
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  Speaker 3: US sanctions alone. Analysts say, we'll have to wait and see,
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  Speaker 3: but what we do know is the sanctions depend heavily
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  Speaker 3: on enforcement and also on US allies joining and coordinating
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  Speaker 3: in the sanctioned effort. If other big buyers continue business,
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  Speaker 3: the impact will be weaker than we need it to be,
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  Speaker 3: and there are possible global markets effects as well, spikes
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  Speaker 3: and all prices if Russia's supply is constrained. This is
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  Speaker 3: part of the reason why the president said we need
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  Speaker 3: to become energy independent, going back to Drill, Baby Drill.
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  Speaker 3: The fact that this is the first new sanction in
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  Speaker 3: Trump's second term also suggests there may have been internal
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  Speaker 3: or strategic hesitations earlier on to give a chance also
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  Speaker 3: for there to be real conversations that deal with peace.
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  Speaker 3: It remains to be seen if the pressure will persist
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  Speaker 3: or if Donald Trump plans on ratcheting up the pressure,
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  Speaker 3: which brings me to the announcement Center. Mullen on the
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  Speaker 3: new Russian sanction speaking with Jake Tapper on CNN, this
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  Speaker 3: is what he had to say about the new move.
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  Speaker 4: Do you think that there needs to be even harsher sanctions?
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  Speaker 4: And the reason I ask is because obviously August fifteenth,
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  Speaker 4: I believe it was, was the summit in Alaska where
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  Speaker 4: President Trump was hoping that Vladimir Putin would agree to
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  Speaker 4: any sort of ceasefire, and not only did he not
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  Speaker 4: get a cease fire, Putin since the US literally rolled
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  Speaker 4: out the carpet for him in the United States of
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  Speaker 4: America on American land, Putin has upped the tenor of
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  Speaker 4: the war. Some of the worst attacks on Ukraine have
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  Speaker 4: happened since then. And I'm wondering if President Trump you
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  Speaker 4: think needs to be even more aggressive.
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  Speaker 5: Well, this is step one. The President and Congress has
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  Speaker 5: talked multiple times what the next step might be. We
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  Speaker 5: have been in briefed or we've been in briefings, we've
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  Speaker 5: been in classified settings. This is literally the first step
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  Speaker 5: to put more pressure on Russia. If we need to
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  Speaker 5: I believe we probably will. I don't think Putin if
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  Speaker 5: someone is going to pay attention the first time his
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  Speaker 5: hand has slapped, I think you're going to see this
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  Speaker 5: get ratcheted up farther and farther to the point to
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  Speaker 5: where either we're going to bring them to their knees economically,
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  Speaker 5: or they're going to decide that fighting the Ukraine isn't
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  Speaker 5: worth it. At the same time, I wouldn't be surprised
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  Speaker 5: if you start seeing us give the accessibility to new
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  Speaker 5: weapons for Europe to buy for Ukraine to be able
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  Speaker 5: to fight against Russia and their aggression in Ukraine. As
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  Speaker 5: I said, Jake, this is just the first step. But
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  Speaker 5: this is the first step of a lot of options
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  Speaker 5: we have on the table.
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  Speaker 3: It's very clear, as you could hear there from cinner Mullin,
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  Speaker 3: that this is a new path forward. We tried to
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  Speaker 3: have well diplomacy work, and obviously Vladimir Putin is not
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  Speaker 3: working in that way. So as he described it, we
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  Speaker 3: can bring them to their knees economically, or they can
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  Speaker 3: decide that fighting Ukraine isn't worth it. It's the first
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  Speaker 3: step of a lot of options we have on the table.
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  Speaker 3: And there also seems to be real unity behind this idea,
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  Speaker 3: as you know that Senators are behind it. But what
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  Speaker 3: is the House side saying. Mike Johnson on the Russian sanctions.
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  Speaker 3: Here's what he had to say as well.
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  Speaker 5: Now, and thank you so much for being here, Speaker Johnson,
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  Speaker 5: because you had said before that you thought sanctions on
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  Speaker 5: Russia were long overdue.
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  Speaker 6: In your words, do you think that these moves tonight
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  Speaker 6: go far enough. Well, it's a very important step. We
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  Speaker 6: applaud the president. He's returning peace through strength, and that's
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  Speaker 6: a common theme now that we've seen exhibited around the globe,
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  Speaker 6: the strength of his personality. You heard the UN Secretary General,
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  Speaker 6: who you caught earlier this afternoon, he said, in his
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  Speaker 6: own words, President Trump is the only figure on the
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  Speaker 6: planet strong enough to help bring an end of that war.
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  Speaker 6: And you have to compel Russia to engage in the
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  Speaker 6: peace process. They've shown they cannot be trusted.
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  Speaker 4: There's a big.
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  Speaker 6: Appetite in Congress to have sanctions like this, and I
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  Speaker 6: think it's a very important step.
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  Speaker 3: Yet again, you see unity between Republicans and the Senate,
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  Speaker 3: Republicans in the House and the President of the United
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  Speaker 3: States of America, which brings us back to what Trump
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  Speaker 3: has now said about these new sanctions. Trump said of
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  Speaker 3: the sanctions, quote, it was time. He described the sanction
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  Speaker 3: on Russia's oil giants as very big and tremendous. During
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  Speaker 3: a meeting with the NATO Secretary General, he expressed that
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  Speaker 3: the meeting with Putin was canceled because it didn't feel
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  Speaker 3: right to me. It didn't feel like we were going
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  Speaker 3: to get to the place we have to get. Earlier
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  Speaker 3: this year, Trump threatened tariffs and secondary sanctions if Russia
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  Speaker 3: did not agree to a cease fire. For example, he
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  Speaker 3: said he might impose a twenty five to fifty percent
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  Speaker 3: tariff on oil from Russia on countries buying Russian oil.
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  Speaker 3: Trump also expressed frustration with Vladimir Putin, saying, quote, we
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  Speaker 3: get a lot of bull blank thrown at us by Putin.
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  Speaker 3: We want a deal, but we weren't seeing it. The
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  Speaker 3: president also has backing the majority of Republicans support additional
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  Speaker 3: economic sanctions on Russia. For example, a recent poll shows
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  Speaker 3: eighty six percent of Republicans back further sanctions to force
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  Speaker 3: an end to the war. Now, some Republicans, including those
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  Speaker 3: in the White House, had also delayed pushing for sanction
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  Speaker 3: legislation until a possible Trump Putin meeting, indicating hesitation that
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  Speaker 3: if they did put the sanctions on beforehand, it could
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  Speaker 3: actually hurt the talks. But now the President has made
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  Speaker 3: it clear there's a shift, and it suggests that Trump
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  Speaker 3: administration is moving or being pushed by conservatives for a
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  Speaker 3: tougher stance on Russia that perhaps was not there weeks ago.
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  Speaker 3: It also signals to Russia and to buyers of Russian
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  Speaker 3: energy that the US is united and willing to escalate
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  Speaker 3: economic tools, not just diplomacy, And for allies, the US
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  Speaker 3: is implicitly inviting coordination. The Treasury statement, we encourage quote
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  Speaker 3: our allies to join us, signaling that other countries may
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  Speaker 3: want to do the exact same thing in their country
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  Speaker 3: that America is doing right now. And finally, for Ukraine,
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  Speaker 3: it may increase leverage by pressuring Russia, but it does
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  Speaker 3: not automatically guarantee a cease fire or an end to
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  Speaker 3: the war. When you're dealing with someone like Vladimir Putin,
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  Speaker 3: who doesn't even care about his own people, this could
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  Speaker 3: drag on. But for the global energy and trade flow
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  Speaker 3: targeting Russia's oil sector, as President Trump has decided to
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  Speaker 3: do can affect global markets and hurt Russia significantly, which
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  Speaker 3: is exactly why the President of United States of America
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  Speaker 3: is leading in this way. We also know that the
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  Speaker 3: US will follow up with more sanctions Russian banks, on
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  Speaker 3: buyers of Russian energy or shipping in transport to deepen
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  Speaker 3: the pressure. There's a very good chance that is going
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  Speaker 3: to be needed. And then what will happen to Russian
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  Speaker 3: oil buyers like China and India? How will they respond.
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  Speaker 3: What we do know now is this is a new
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  Speaker 3: pathway in negotiations with President Trump and Vladimir Putin, and
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  Speaker 3: it's clear Donald Trump isn't messing around.
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  Speaker 2: Thank you for listening to the forty seven Morning Update
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  Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever
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