U.S. President Donald Trump has warned of imposing large-scale banking sanctions and tariffs on Russia until a ceasefire and final peace settlement with Ukraine is reached. His remarks come after the White House reportedly considered easing some restrictions on Moscow to push for a diplomatic resolution.
"Russia is absolutely ‘pounding’ Ukraine on the battlefield. I am strongly considering large-scale banking sanctions, sanctions, and tariffs on Russia until a ceasefire and final settlement agreement on peace is reached," Trump stated on his social media platform. He urged both nations to negotiate "before it is too late."
Ukraine is facing mounting pressure as Russian forces advance in the Kursk region, nearly cutting off Ukrainian troops from key supply lines. The deteriorating situation has led to missile attacks on Ukraine’s energy infrastructure, injuring ten people, including a child.
Ukrainian President Volodymyr Zelenskiy has called for an immediate air and sea truce, but Moscow has dismissed the idea. Russia, already under extensive U.S. sanctions since its 2022 invasion, remains a dominant global oil producer, and Washington is reportedly considering energy sector relief if Moscow agrees to peace.
Trump has expressed frustration with Kyiv, stating, "I’m finding it more difficult to deal with Ukraine," while suggesting that Russian President Vladimir Putin may be open to ending the war. Despite tensions, Ukraine is set to engage in peace talks in Saudi Arabia, where U.S. officials, including Secretary of State Marco Rubio, will participate.
With Russia controlling a significant portion of Ukraine, Kyiv seeks stronger security guarantees, but the U.S. has yet to fully commit. A critical minerals deal proposed by Trump remains unsigned, further complicating negotiations. As diplomatic efforts unfold, the future of the Ukraine war remains uncertain.