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Donald Trump sceptical of imposing new sanctions on Russia

by Investor News Today
June 16, 2025
in Market Updates
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Donald Trump sceptical of imposing new sanctions on Russia
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Donald Trump mentioned he was not able to impose new sanctions on Russia over the warfare in Ukraine regardless of mounting strain from G7 allies and members of Congress to intensify the strain on Moscow.

Talking alongside Sir Keir Starmer, the British prime minister on the G7 summit in Canada on Monday, the US president mentioned he was sceptical of latest sanctions on Russia, whilst different members of the group had been anticipated to announce additional punitive measures in opposition to Moscow.

“Don’t overlook, you recognize, sanctions price us some huge cash. After I sanction a rustic, that prices the US some huge cash, an incredible sum of money,” Trump mentioned. “Sanctions will not be that straightforward. It’s not only a one-way avenue.”

The US president’s feedback highlighted the rift amongst western allies over the war in Ukraine, on the eve of President Volodymyr Zelenskyy’s arrival on the summit.

Trump has grown annoyed along with his lack of ability to dealer a peace deal between Russia and Ukraine, which he had pledged through the 2024 marketing campaign. But he has been unwilling to take extra punitive steps in opposition to Russia regardless of calls to take action from many European nations and sure Republicans on Capitol Hill, together with Lindsey Graham, the senator from South Carolina.

Earlier within the day, Trump had mentioned it had been “large mistake” to exclude Russia from G7 summits in his first feedback in Kananaskis, flanked by Mark Carney, Canada’s prime minister.

Trump has lengthy mentioned he wish to see the G7 return to a G8 format, bringing Moscow again into the fold because it was earlier than Russia’s annexation of Crimea in 2014.

“This was an enormous mistake. You wouldn’t have that warfare,” Trump mentioned, referring to Russia’s full-scale invasion of Ukraine, which began in 2022. “[Russia’s President Vladimir] Putin speaks to me, he doesn’t converse to anyone else as a result of he was insulted when he bought thrown out of the G8.”

The US president mentioned it was “not a nasty thought” to have China as a part of the G7, which has for many years included the world’s largest industrialised economies and liberal democracies. China and Russia are a part of the G20, a wider multilateral group that features the world’s largest economies.

Trump’s remarks got here as Zelenskyy, Ukraine’s president, was invited to affix the group on Tuesday for a particular session on the battle with Russia. The US president and Zelenskyy are additionally anticipated to have a bilateral assembly on Tuesday.

In his personal opening remarks, Carney had famous the “G7 is nothing with out US management”.

The US and Canada have been attempting to succeed in a settlement to the commerce disputes which have flared after Trump imposed steep new tariffs on Canadian steel imports into the US. Carney’s workplace later mentioned that they had “agreed to pursue negotiations towards a deal inside the coming 30 days”.

In the meantime, Trump on Monday signed an government order to implement the US-UK trade agreement unveiled final month, a big win for Starmer that can decrease tariffs on UK automotive exports and take away levies on aerospace elements. Excellent points over UK metal exports nonetheless stay.

Trump additionally met with Ursula von der Leyen, the European Fee president, who mentioned that they had “instructed the groups to speed up their work to strike and honest [trade] deal”.

“Let’s get it accomplished,” von der Leyen added. The assembly was their first bilateral dialogue since Trump’s inauguration. He has threatened the EU with 50 per cent tariffs if they don’t strike a deal by July 9.

It was unclear whether or not G7 leaders would discover a widespread place or message on the battle between Israel and Iran that broke out on the eve of the summit, however Trump urged Tehran to barter.

“It’s painful for each events, however I’d say Iran shouldn’t be profitable this warfare, and they need to speak,” Trump mentioned. “And they need to speak instantly, earlier than it’s too late.”

When requested whether or not the US had supplied intelligence assist for Israel, Trump mentioned Washington “had at all times supported Israel” and added “Israel is doing very nicely proper now”.

Managing Trump has been an unofficial theme for different G7 leaders, who worry his usually inconsistent positions on issues of diplomacy and commerce make reaching consensus difficult.

Trump’s menace to make Canada the 51st state of the US has added a private edge for Carney, who’s internet hosting the summit.

Advisable

President Donald Trump arrives in Calgary

He met with Starmer in Ottawa on Saturday and Sunday, with the UK chief emphasising Canada’s “sovereignty” as a part of the Commonwealth.

On Sunday night in Kananaskis, Carney and Starmer had drinks with French President Emmanuel Macron, Italy’s Prime Minister Giorgia Meloni and German Chancellor Friedrich Merz.

Aides insisted the unofficial assembly over wine was spontaneous, however observers considered it as a last-minute co-ordination session over dealing with Trump through the summit.

Starmer insisted on Monday that there was “consensus for de-escalation” within the Israel-Iran battle among the many G7 leaders. However individuals aware of the matter mentioned there was as no assertion on the battle agreed by the G7 leaders.

Further reporting from Henry Foy in Kananaskis



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