Summary
- President Trump announced that if no agreement is reached over the Ukraine war within two weeks, large-scale sanctions will be imposed on Russia.
- He emphasized that a satisfactory outcome is required depending on the course of events over the next two weeks.
- As Russia’s lukewarm attitude dims the prospects for a ceasefire, investors are advised to pay attention to the additional uncertainty.
According to Bloomberg on the 22nd (local time), United States President Donald Trump warned that if an agreement is not reached regarding the Ukraine war within two weeks, he would impose large-scale sanctions on Russia.
President Trump met with reporters at the White House Oval Office that day and said, "I am not satisfied with anything about this war," and "The course of events will be clear in the next two weeks, and a satisfactory outcome must be achieved."
He added, "In two weeks, we could decide on large-scale sanctions or large-scale tariffs, or even both," and "Or, we might do nothing at all and say, ‘This is your fight.’"
This statement is seen as Trump shifting back to a hardline stance, contrary to his more optimistic tone last week when he held a summit with Vladimir Putin, President of Russia, in Alaska and expressed that he was "hopeful about the possibility of an agreement."
At the time, he demanded a ceasefire before the summit, but after the summit, he expressed optimism about progress in negotiations.
However, as Russia has since shown a lukewarm attitude toward talks with Volodymyr Zelensky, President of Ukraine, and has insisted on its say over Ukraine's security guarantee issues, the prospects for a ceasefire have again become bleak.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
