Report: Bessent Told Russian Minister No Economic Relief Until Ukraine War Ends

Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)
Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)
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Report: Bessent Told Russian Minister No Economic Relief Until Ukraine War Ends

Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)
Russia's Finance Minister Anton Siluanov attends a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, August 31, 2026. (Reuters)

US Treasury Secretary Scott Bessent made clear to Russian Finance Minister Anton Siluanov on Monday that no economic relief for Russia or agreements on other issues were possible until its war in Ukraine ends, a source familiar ‌with the ‌ministers' bilateral meeting said.

Bessent met ‌bilaterally ⁠with Siluanov on ⁠the sidelines of a G20 finance leaders meeting in Asheville, North Carolina.

The Russian finance minister's first in-person G20 appearance since Russia invaded Ukraine has irritated European officials who are working ⁠on more sanctions against ‌Russia.

Earlier, a US ‌official told Reuters the focus of ‌the Bessent-Siluanov meeting was President Donald Trump's ‌peace plan for Ukraine. Russia's finance ministry said the two officials discussed financial cooperation within the G20 framework.

When Siluanov tried ‌to discuss areas of mutual interest, the source said Bessent interrupted ⁠him ⁠and said "nothing is possible until the war is over."

The US imposed sanctions on Russia's oil majors in October 2025, but after the US-Israeli war against Iran cut off energy supplies through the strait of Hormuz, Bessent issued licenses allowing the sale of seaborne Russian oil stored in tankers to ease supplies, sending some funds to Moscow.



Nepal Rescuers Reach Remote Areas, Electricity Restored Nearly a Week After Devastating Floods

People scout for usable materials from debris after flash floods at Trishuli Center in Nepal's Nuwakot district on September 1, 2026. (AFP)
People scout for usable materials from debris after flash floods at Trishuli Center in Nepal's Nuwakot district on September 1, 2026. (AFP)
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Nepal Rescuers Reach Remote Areas, Electricity Restored Nearly a Week After Devastating Floods

People scout for usable materials from debris after flash floods at Trishuli Center in Nepal's Nuwakot district on September 1, 2026. (AFP)
People scout for usable materials from debris after flash floods at Trishuli Center in Nepal's Nuwakot district on September 1, 2026. (AFP)

Nepali rescuers built temporary bridges to reach remote areas and dug through the ruins of hydropower projects in the Himalayas to rescue close to 300 trapped workers, nearly a week after devastating floods left a trail of destruction across the country's towns and valleys.

About 600 people remain stuck in several devastated hydropower stations that have become the focus of rescue efforts, while Prime Minister Balendra Shah said over 11,000 people have been rescued across the affected region and power and communication lines had been restored in some areas.

At least 939 people have been killed in the destruction, Shah said ‌in a late-night ‌social media post.

"Thousands of citizens have lost their homes, families, loved ‌ones ⁠and property," he ⁠said.

"The government understands the immense pain they are enduring. The path ahead is to support them through this suffering and help them return to normal life through rehabilitation."

Rescue teams had managed to restore road networks to Nuwakot, one of the worst-affected districts, facilitating rescue operations and distribution of relief material, Shah said.

A glacier collapse triggered a deluge of ice, rock and mud which swept through the impoverished nation's border region with China, posing a massive challenge for Nepal's six-month-old government.

Police official Bipin ⁠Regmi said a search team recovered 24 bodies from a house ‌in Betrabati village in Nuwakot district.

"We are reaching ‌new areas and recovering bodies," Regmi told Reuters.

Aid worth more than $42 million had poured into the country after ‌the disaster, Shah said, and the government expected the contributions to increase.

Neighbors India and ‌China, between whom Nepal is wedged, were helping with rescue efforts, including building bailey bridges to reach remote affected areas.

RESCUE EFFORTS FOCUS ON HYDROPOWER STATIONS

Shah said 279 workers had been rescued from hydropower projects so far where authorities estimated that close to 1,000 people were trapped.

Pictures and videos shared by rescue ‌teams showed earth-moving equipment digging and shoveling mud and rocks under lights in the dark of the night as workers watched. Soldiers used ⁠torchlight in a ⁠big pit they had created to look for space to get into one tunnel.

There has been a boom in hydropower projects in Nepal since the turn of the century as the mountainous country sought to take advantage of its Himalayan water resources to address chronic domestic power shortages and exploit prospects for selling electricity to southern neighbor India.

Hydropower projects in Nepal's mountains need tunnels to carry water through the steep terrain, allowing developers to exploit the sharp elevation drop between Himalayan rivers and powerhouses to generate electricity.

CHINA BLAMES GLOBAL WARMING

Shah said the catastrophic event signaled the growing risks that the Himalayan region faces.

"The region must therefore remain vigilant. The time has come for us to strongly raise before the international community the disasters we are experiencing as a consequence of climate change," Shah said in his post.

Last week's flood was "caused by glacier instability under the long-term effects of global warming", China's state broadcaster said on Monday.


US Army Secretary Driscoll Submits Resignation

US Secretary of the Army Dan Driscoll testifies on budget requests during a Senate Committee on Armed Services hearing on Capitol Hill in Washington, DC, May 12, 2026. (AFP)
US Secretary of the Army Dan Driscoll testifies on budget requests during a Senate Committee on Armed Services hearing on Capitol Hill in Washington, DC, May 12, 2026. (AFP)
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US Army Secretary Driscoll Submits Resignation

US Secretary of the Army Dan Driscoll testifies on budget requests during a Senate Committee on Armed Services hearing on Capitol Hill in Washington, DC, May 12, 2026. (AFP)
US Secretary of the Army Dan Driscoll testifies on budget requests during a Senate Committee on Armed Services hearing on Capitol Hill in Washington, DC, May 12, 2026. (AFP)

US Army Secretary Dan Driscoll has submitted his resignation, the White House confirmed Monday, following reports of tensions with Defense Secretary Pete Hegseth.

Asked about a Wall Street Journal report that Driscoll had resigned, White House Principal Deputy Press Secretary Anna Kelly did not deny it.

"Driscoll has been highly effective in advancing President Trump's agenda to Make America Strong Again at the Department of the Army," Kelly said.

She cited his "outstanding leadership" during US military operations, "restoring an emphasis on readiness and lethality, assisting with negotiations between Russia and Ukraine, and more."

She added: "The United States Army is more powerful than ever thanks to his work alongside the Commander-in-Chief and Secretary of War."

If accepted, Driscoll's resignation would mark the latest departure of a senior military leader under President Donald Trump's administration.

A former law school classmate of Vice President JD Vance, Driscoll had reportedly benefited from their friendship within the administration, but clashed with Hegseth.

The most senior Democrat on the Senate's Armed Services Committee, Jack Reed, laid the departure's blame at the defense secretary's feet, saying, "I do not welcome Secretary Driscoll's resignation... It is far past time for President Trump to recognize the lasting harm that Pete Hegseth is inflicting on the Department of Defense."

An Army veteran who served in Iraq, Driscoll ran unsuccessfully for Congress in 2020 and later advised Trump's 2024 reelection campaign.

With the Iran war entering its seventh month, the resignation could effectively leave the Army without permanent civilian or uniformed leadership.

Hegseth fired Army Chief of Staff General Randy George in April and has yet to nominate a permanent successor.


Two Dead After Stabbing in New York’s Times Square

A member of the NYPD stands guard at the scene of an officer-involved shooting, in Times Square, New York City, US, August 31, 2026. (Reuters)
A member of the NYPD stands guard at the scene of an officer-involved shooting, in Times Square, New York City, US, August 31, 2026. (Reuters)
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Two Dead After Stabbing in New York’s Times Square

A member of the NYPD stands guard at the scene of an officer-involved shooting, in Times Square, New York City, US, August 31, 2026. (Reuters)
A member of the NYPD stands guard at the scene of an officer-involved shooting, in Times Square, New York City, US, August 31, 2026. (Reuters)

A knife-wielding woman stabbed and killed a person and injured another in New York's tourist-filled Times Square on Monday, before she was shot and killed by police.

Mayor Zohran Mamdani announced the deaths in a press conference, saying that the second victim was in stable condition in a hospital.

The attacker, identified as 49-year-old Queens resident Pamela Cisneros, who was known to have mental health issues, pulled two large knives from a bag bearing the logo of a well-known supermarket chain before threatening passersby in broad daylight, New York Police Commissioner Jessica Tisch said.

She then approached a 68-year-old man and stabbed him in the abdomen. Twenty seconds later, she attacked a 32-year-old woman, also stabbing her in the abdomen -- wounds from which she later died.

The victims' identities are not being released pending notification of their families.

Police quickly intervened and tried to persuade Cisneros to drop her weapons.

"The officers engaged the woman in dialog for four minutes and gave her numerous commands to drop the knives, which she refused," Tisch said.

"During the encounter, she told the officers, 'I'm not dropping anything. I would rather kill both of you,'" Tisch added.

One witness told local TV outlet PIX11 that the suspect had two knives in her hands and was tased by police before she rushed at officers.

"They shot her twice," said the unnamed witness.

Police confirmed that they had unsuccessfully used a stun gun before firing their handguns.

Local news reports said the suspect was pronounced dead at hospital.

Tisch said that they do not believe the attack was terror-related.

"This was an extraordinarily dangerous situation unfolding in the heart of Times Square, the crossroads of the world," the police chief said.

"At any given moment, there are 1000s of New Yorkers, commuters, tourists, families, workers moving through these streets."

An AFP journalist at the scene saw a large emergency services presence and officials inspecting a patch of blood in Times Square.