Trump: I am considering tariffs and sanctions on the Russian banking sector

Donald Trump, the President of the United States, announced on Friday, March 8, that he is considering sanctions on the Russian banking sector and imposing tariffs on goods imported from Russia in order to end the war between Russia and Ukraine. Trump stated in a post on the social media platform 'Truth Social': 'Given the fact that Russia is currently heavily attacking Ukraine on the battlefield, I am strongly considering sanctions on banking sectors, sanctions [against other sectors], and imposing tariffs against Russia until a ceasefire and a final peace agreement is achieved.' The President of the United States concluded by addressing Russia and Ukraine, saying: 'Before it is too late, go to the [negotiation] table. Thank you!!!' Donald Trump has halted military aid and intelligence sharing with Ukraine in order to compel the country to accept a ceasefire. This action follows his meeting last Friday with Volodymyr Zelensky, the President of Ukraine, at the White House. Trump stated after the meeting that his Ukrainian counterpart is not yet ready to accept peace. Russia, one of the largest oil exporters in the world, has faced extensive sanctions from the U.S. and its allies since its invasion of Ukraine three years ago. Among the sanctions imposed by Washington against Moscow is a cap of $60 per barrel on Russian oil to limit the revenues of the country’s oil and gas sector.