Treasury Secretary Scott Bessent appears on Fox News morning program to discuss the current status of the U.S. economic targeting of Iran and the U.S. control of oil shipments through the Strait of Hormuz.
At 05:49 of the video below, Secretary Scott Bessent outlines the hypocrisy of the EU-NATO countries as it relates to purchases of energy from Russia. Secretary Bessent notes the same hypocrisy applies to voices in the U.S. congress who passed HR-5334, the Lindsey Graham Russian Sanctions Bill, authorizes the President to lift and/or impose sanctions related to Russia. {GO DEEP}
Many EU-NATO countries continue to purchase oil and gas from Russia, yet those same EU-NATO countries feign outrage at President Trump making a deal with President Putin to supply diesel fuel to the world market and USA to the benefit of consumers.
In fact, the EU is buying more energy from Russia this year than ever before, which is interesting because congress has authorized President Trump to deliver up to 500% tariffs against those same EU-NATO countries for purchasing Russian energy products.
EURONEWS – Europe paid around €7.88 billion for liquefied natural gas (LNG) from Russia’s Arctic energy project in the first nine months of 2026 despite Brussels’ efforts to phase out gas from Moscow, according to the campaign group Urgewald.
The figures, compiled by Urgewald using data from the market intelligence firm Kpler, expose just how reliant the EU remains on Russian energy, with a record of 12.18 million tonnes reaching European ports between January and September this year.
