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.
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The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
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