Trump Weighs New Banking Sanctions and Tariffs on Russia Amid Ukraine Conflict

U.S. President Donald Trump has announced that he is “strongly considering” imposing additional banking sanctions and tariffs on Russia in response to its continued military actions in Ukraine. The statement comes as pressure mounts on Russia ahead of anticipated negotiations aimed at bringing an end to the conflict.

“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,” Trump wrote on Truth Social. Urging both nations to engage in negotiations without delay, he added, “get to the table right now, before it is too late.”

The administration’s stance was further reinforced by Treasury Secretary Scott Bessent, who indicated that the U.S. is willing to escalate economic pressure on Russia, particularly in the energy sector, if doing so helps bring about a cease-fire. “We are prepared to go ‘all in’ on sanctions targeting Russian energy if it helps secure a cease-fire,” Bessent said, signaling the administration’s readiness to take stronger measures.

The United States and the European Union have already implemented extensive sanctions on Russia’s economy, including its banking sector, following its invasion of Ukraine more than three years ago. Trump’s remarks suggest that the administration is considering even tougher economic actions to compel Russia to negotiate an end to the war.

By fLEXI tEAM