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Scott Bessent: “Their exports have dropped about 25% when the rest of the…”

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

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Scott Bessent defends U.S. military actions in Iran: 'Sometimes you have to escalate to de-escalate'

Published | Video Starts at 09:33

But what's the point of sanctions if not to punish Russia, if not to Pun, if we have no ability to do that to China? If China wants to be a bad actor, but we were substantially able to degrade their exports, Their exports have dropped about 25% when the rest of the world isn't buying it. So exports are down, but there was a lifeline into China. Now we've opened up that to everyone else. Okay, just to be clear, though you did defend imposing those sanctions in the first place. (09:33–09:39)

CLAIM

Asserts that Russian oil exports dropped by about 25% when not purchased by the rest of the world.

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