US President Donald Trump threatens Russia with sanctions if Putin doesn't settle war
Source Fxstreet
President Donald Trump on Wednesday threatened to impose “high levels” of sanctions on Russia and tariffs on imports from there if President Vladimir Putin did not reach a settlement to end its war against Ukraine, per CNBC.
“If we don’t make a ‘deal,’ and soon, I have no other choice but to put high levels of taxes, tariffs, and sanctions on anything being sold by Russia to the United States and various other participating countries,” said Trump on Truth Social.
Market reaction
At the press time, the USD/RUB pair is down 0.25% on the day to trade at 98.75.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
The crypto market has been turbulent in October, with altcoin market capitalization dropping another 15%. Could this downturn worsen before October ends?
Bitcoin (BTC) price trades below $108,000 at the time on Tuesday, after facing rejection from a previously broken trendline, signaling renewed selling pressure.
Silver price (XAG/USD) edges higher after two days of losses, trading around $48.70 per troy ounce during the Asian hours on Thursday.
The Trump administration is negotiating to take equity stakes in quantum computing firms in exchange for federal funding.
