Trump says gives Russia 10 days, will impose sanctions afterwards

Published 29/07/2025, 19:06
© Reuters.

Investing.com -- U.S. President Donald Trump announced he would begin imposing tariffs and other measures on Russia in ten days if Moscow fails to make progress toward ending the war in Ukraine.

Trump told reporters aboard Air Force One that he had shortened his initial 50-day deadline for action from Russia, which he first revealed on Monday. The president stated he had not yet received any response from Moscow regarding his ultimatum.

When questioned about potential impacts of Russian sanctions on oil markets and prices, Trump expressed confidence that any effects could be managed. He said the United States would increase domestic oil production to counterbalance any market disruptions resulting from the sanctions.

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