Washington will hit Moscow with new penalties, even if it has no effect, the US president has said
President Donald Trump has acknowledged that new US sanctions on Russia may ultimately prove ineffective, but confirmed that his administration will move forward with imposing them regardless – unless a deal to end the Ukraine conflict is reached soon.
Earlier this week, Trump dramatically shortened his original 50-day window for Russia and Ukraine to reach a peace settlement to just ten days, warning that failure to do so would trigger sweeping penalties, potentially including 100% tariffs and secondary sanctions targeting Russia’s trade partners.
“We’re going to put sanctions. I don’t know that sanctions bother him,” Trump told reporters on Thursday evening, referring to Russian President Vladimir Putin. “They know about sanctions. I know better than anybody about sanctions, and tariffs, and everything else. I don’t know if that has any effect, but we’re going to do it.”
Trump also announced that his special envoy, Steve Witkoff, will travel to Russia after visiting Israel and Gaza this week. Though no specific timeline was given, Witkoff has previously met with Putin on several occasions during past diplomatic efforts.
The acting US envoy to the UN, John Kelley, confirmed that Trump expects a ceasefire by August 8, as the president has increasingly expressed frustration with Moscow’s position in recent weeks.
Kremlin spokesman Dmitry Peskov previously stated that Moscow had taken note of Trump’s comments but downplayed the threat. “We have been living under a huge number of sanctions for quite a long time,” Peskov said on Wednesday. “Of course, a certain immunity has already developed.” He reiterated that Russia remains committed to peace, but on terms that respect its interests and “new territorial realities.”
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US could offer Russia enormous economic deal – Politico
Since the 2014 Western-backed coup in Kiev and the escalation of the conflict in 2022, Russia has become the most sanctioned country in the world, with over 10,000 restrictions imposed primarily by the US and EU. Putin has stated that the sanctions have largely failed, arguing that Moscow has adapted economically and cannot be intimidated.
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