Trump "Willing to sanction Russia… Europe should also further strengthen sanctions against Russia"
Summary
- U.S. President Donald Trump said he would raise the level of sanctions against Russia.
- Trump emphasized that Europe should also further strengthen the sanctions it imposes on Russia.
- His request that Europe stop purchasing Russian crude oil suggests potential volatility in related markets.
U.S. President Donald Trump on the 14th (local time) warned of sanctions against Russia.
According to Reuters, President Trump told reporters that the sanctions Europe has imposed on Russia "are not strong enough" and that he "would gladly impose sanctions." He added, "To correspond with what I'm doing (sanctions), Europe would also have to strengthen its sanctions."
President Trump also emphasized, "European countries are buying Russian crude oil," and said, "I would prefer that Europe not buy crude oil." His remarks that day have been seen as proposing an alternative after mediation of peace talks between Ukraine and Russia effectively collapsed.
Russian President Vladimir Putin has not agreed to the summit with Ukrainian President Volodymyr Zelensky proposed by President Trump and is intensifying the offensive against Ukraine. Inside and outside the U.S. government, there have been many calls to increase pressure to get Russia to participate in talks for a ceasefire.
Minseong Hong Hankyung.com reporter mshong@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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