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Scott Bessent: “The price of Russian oil has collapsed very quickly.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview

Published November 23, 2025 | Video Starts at 09:29

Guess who was buying that? The Europeans. They are funding the war on themselves. President Trump. They two weeks ago sanctioned Rosneft and Lukoil, the two biggest Russian oil companies. And The price of Russian oil has collapsed very quickly. Is the Thanksgiving deadline set by President Trump a firm deadline? I haven't spoken to him about it, but I, I am confident that the peace process is moving forward. (09:29–09:33)

CLAIM

Asserts that the price of Russian oil has rapidly decreased.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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“There are 2.1 million service members.”
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