U.S. Treasury Secretary Scott Bessent said on Wednesday the Trump administration is getting ready to announce increased sanctions on Russia as U.S.-led efforts to end the war flounder and Ukraine's president seeks more foreign military help.

"We are going to announce either after the close this afternoon or first thing tomorrow morning a substantial pickup in Russia sanctions," Bessent told reporters at the White House. Bessent made his comments as NATO Secretary General Mark Rutte was in Washington for talks, and was preparing to meet President Donald Trump at the White House.

Bessent did not provide details on the nature of the sanctions. He spoke after Russian drones and missiles blasted sites across Ukraine, killing at least six people, including a woman and her two young daughters.

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