US Plans Sanctions on Russia Trade Partners Amid Global Pushback
US Plans Sanctions on Russia Trade Partners Amid Global Pushback

US Plans Sanctions on Russia Trade Partners Amid Global Pushback

News summary

U.S. President Donald Trump has intensified pressure on Russia by pledging advanced military support to Ukraine and threatening to impose 100 percent tariffs on countries that continue trading with Russia, particularly those importing its oil, if Moscow does not agree to a cease-fire within 50 days. A proposed bipartisan U.S. Senate bill, backed by 85 senators, would authorize Trump to levy secondary tariffs of up to 500 percent on nations trading with Russia, including China, India, Brazil, and Turkey, prompting strong condemnation from China, which called the measures illegal and harmful to peace efforts. Russia, through former President Dmitry Medvedev, dismissed Trump's sanctions ultimatum as theatrical and ineffective, with the Kremlin reiterating its willingness for peace only on its own terms and highlighting ongoing military developments. Meanwhile, the European Union adopted a robust new sanctions package against Russia, including lowering the price cap on Russian oil exports, aiming to increase economic pressure and push for an end to the conflict. Despite these coordinated efforts, skepticism remains among European and Ukrainian leaders about the feasibility of a peace deal under current conditions. The situation underscores escalating economic warfare with potential global repercussions due to the involvement of major energy-importing countries and complex geopolitical responses.

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Last Updated
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