Investing.com -- President Trump said he is contemplating imposing extensive banking sanctions and tariffs on Russia until a ceasefire is reached. The President’s considerations extend until a final peace resolution in Russia’s war with Ukraine is achieved.

Trump’s announcement indicates a potential shift in the U.S.’s approach towards Russia, hinting at a more stringent stance until peace is established. The proposed sanctions and tariffs could have a significant impact on Russia’s banking sector and trade relations.

The President has not yet provided specifics on the scale of the proposed sanctions and tariffs. However, the use of the term "large-scale" suggests that the measures could be substantial. As of now, the timeline for implementing these potential sanctions and tariffs remains unclear.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.