President Donald Trump said Friday he is “strongly considering” imposing new sanctions and tariffs on Russia to compel a permanent end to the Russia-Ukraine war—after a conflicting report the White House was looking at easing sanctions on Russia to get Moscow to the negotiating table.
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Trump said he’s looking at “Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED,” citing “the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now.”
Trump’s statement Friday echoes Treasury Secretary Scott Bessent, who said a day earlier during a speech at the Economic Club of New York the U.S. is prepared to go “all in” on sanctions against Russia,” adding the sanctions “will be used explicitly and aggressively for immediate maximum impact,” Bloomberg reported.
The warnings contradict a report in Reuters earlier this week that the White House was eyeing an agreement to ease sanctions against Russia to improve relations as it works to negotiate a cease fire agreement and permanent end to the war, according to unnamed sources cited by Reuters.
This is a developing story and will be updated.