The US and Europe are discussing the introduction of new sanctions and secondary tariffs to put pressure on the Russian economy.

This was stated by US Treasury Secretary Scott Bessant on Sunday in an interview with NBC, Ukrinform reports.

According to Bessent, Russia's economic collapse will force Vladimir Putin to the negotiating table.

We are ready to increase pressure on Russia, but we need our partners in Europe to support us, the minister said.

He added that he discussed the issue of sanctions with European Commission President Ursula von der Leyen.

"If the US and the EU can impose additional sanctions, additional secondary tariffs on countries that buy Russian oil, the Russian economy will completely collapse, and this will force President Putin to sit at the negotiating table," Bessent said.

He also said he would meet with European officials responsible for sanctions in Washington on Monday to discuss increasing economic pressure.

As Ukrinform reported, in August, the Trump administration imposed a 50% tariff on India because the country continues to buy Russian oil amid Russia's war against Ukraine.

In August, Donald Trump threatened to impose tough sanctions on Russia to force Putin to end his war in Ukraine. But after meeting with Putin in Alaska, the US president said he would hold off on imposing additional sanctions or other tough measures on Russia because the meeting went so well.

China and India are the largest buyers of Russian oil.