President Donald Trump has indicated robust annoyance with Russian President Vladimir Putin over the war in Ukraine, warning economic sanctions if Moscow does not agree to a ceasefire. His remarks, according to NBC News, mark a shift in Washington’s attitude.
Trump’s warning to Putin
“I’m very angry,” Trump said, criticizing Putin for questioning Ukrainian President Volodymyr Zelenskiy’s legitimacy. He threatened to curb “all oil coming out of Russia” and floated “secondary tariffs” on countries buying Russian crude. However, he later softened his stance, saying he “wouldn’t want” to impose tariffs but was disappointed by Putin’s remarks.”
Trump’s anger followed Putin’s proposal that the UN oversee a transitional government in Ukraine, seen by Trump as a challenge to Zelenskiy’s authority.
Possible oil sanctions and market responses
One of the top oil producers in the world, Russia would be hard hit if Trump follows through on threats. But oil prices barely budged, with Brent crude at nearly $72 per barrel and West Texas Intermediate at nearly $69. Experts warn that sanctions on Russia’s oil industry could destabilize global markets and hurt its large buyers like India and China.
Trump’s pressure on Ukraine
Trump also pressured Zelenskiy to complete a resource-sharing pact granting the U.S. access to Ukraine’s rare earth minerals. “If he backs out, he’s got big problems,” Trump warned, hinting at economic consequences.
Iran and Venezuela also in Trump’s crosshairs
Internationally, Trump dangled economic threats against Iran by warning of its military attack should it fail to abandon its nuclear program. “If they don’t make a deal, there will be bombing,” he mentioned. Iran baulked at direct negotiations but left the window open for possible indirect talks.
Trump also cemented a 25% import tariff on countries that buy crude from Venezuela as a way to pressure its administration, which allegedly was exporting felons to America.
Kremlin said Putin remains ready to speak with Trump but that no call is scheduled. The U.S. is in negotiations over a Black Sea cease-fire, but Russia is demanding sanctions relief on its banks.
