President Donald Trump on Friday said he would turn up the heat on Russia unless it seeks a ceasefire and peace a deal with Ukraine.

Trump threatened Russia with sanctions and tariffs in a Truth Social post Friday.

"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. To Russia and Ukraine, get to the table right now, before it is too late. Thank you," he posted without further details.

The Biden administration previously issued sanctions on Russia after it invaded Ukraine three years ago.

This is a developing story. Please check back for updates.