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Trump says he is considering putting banking sanctions, tariffs on Russia

(Reuters)
7 Mar 2025 19:32

(Reuters)

US President Donald Trump said on Friday that he is "strongly considering" imposing sanctions, including ones on banking, and tariffs on Russia until a ceasefire and peace agreement is reached with Ukraine.`

Trump has also paused military aid and intelligence sharing to Ukraine to pressure Kyiv to accept a ceasefire deal after an explosive Oval Office meeting with Ukrainian President Volodymyr Zelensky a week ago.

"Based on the fact that Russia is absolutely 'pounding' Ukraine on the battlefield right now, I am strongly considering large-scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED," Trump said. "To Russia and Ukraine, get to the table right now, before it is too late. Thank you!!!"

Trump's threat to impose sanctions and tariffs on Russia comes days after Reuters reported that the White House was drawing up a plan to potentially give Russia sanctions relief as part of the administration's push to end the war and improve diplomatic and economic relations with Moscow.

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